If the unemployment rate was the only measure of how well the economy was doing, I'd agree, this would be great news. As it is, it's good that at least some Americans are finding work. The official numbers for September are 114K new jobs. 10K are public sector jobs. So 104K new private sector jobs. In order to keep up with population growth, they say we need to average out 150K new jobs a month. Septembers numbers are actually worse than those for August. Is that improvement?
Something most media ignores is the participation rate. Right now, we are near the lowest mark ever, floating around 58-59% of those who want jobs, actually having or looking for work. Those who have quit looking for work were added into the numbers, we would be at 10.7% unemployment.
Another thing economists look at is the U6 number. This number includes people that are working, but are underemployeed, meaning they want full time work, but all they have found is part time, or their job is at a pay rate that can not sustain themselves and their family. That number is 14.7% and has been right around that area for a long time.
None of this, as a whole picture, is good, or shows much of any 'recovery'.
Anything or anyone that suggests the 'big picture' shows we are doing fine, is either a partisan hack or is just showing off how little they comprehend things.