Despite Job Growth, Unemployment Remains at Recession Level

A blip in lousy numbers is still a blip

"Yes, we're finally below that 8 percent level, but it's still indicative of a slow growth environment," Michelle Meyer, senior U.S. economist for Bank of America, said.

While more than 100,000 jobs is healthy, it's not impressive.

"Think about what we've come off of, the deepest part of post-war recession, and we're adding 100,000 jobs a month," Meyer said. "It's not sufficient."