EMPLOYMENT SITUATION
Recent figures
Aug* -93,000
July* -49,000
June -83,000
May -76,000
April -22,000
March -151,000
Feb -121,000
Jan 03 158,000
Dec -211,000
Nov 1,000
Oct 119,000
Sep 65,000

What is it?
Represents the month-to-month change in jobs on payrolls of the nation’s business, government and non-profit establishments. Generally considered a more accurate indicator of labor market health than the unemployment rate. Analysts estimate the economy should add about 150,000 jobs monthly to keep up with the nation’s growing work force. Based on a sample of 300,000 establishments employing nearly a third of the nation’s workers, the figure is adjusted for seasonal variations and frequently revised.
Source: Bureau of Labor Statistics.

For the year, a total of 463,000 fewer jobs when (theoretically) there should have been 1,800,000 more - a difference of well over two million jobs. That's a lot, seems to me.