ABC's Karl: What does the White House have to say for itself over a jobs report that is "barely treading water"?

Not much. Via RCP:

JON KARL: Back to the jobs numbers today, I seem to remember you at the podium not long ago, showing us charts of jobs growth over the past couple years, and the implication — taking some credit, the White House taking credit that the president’s policies contributed to jobs growth. Now we have this report, I mean, barely treading water, 74,000 are created, and probably more ominously, the workforce participation rate is down at a low for almost 40 years.

CARNEY: Pretty much where it’s been since 2009, but yeah.

KARL: So does the White House, do the president’s policies have anything to do, are they to blame at all for this jobs report?

CARNEY: Jon, as I think you know, when we talk about the monthly jobs reports, we always begin with the fact that whether it exceeds expectations or comes in below expectations, that there is more work to do. This report is no different. What it does represent is 46 consecutive months of private sector jobs creation. 8.2 million jobs over that period. … It reinforces that we need to continue to have jobs growth, economic security, economic mobility as our top priority.

…So, does it make a difference that you’ve been saying the exact same thing about having “more work to do” and periodically reasserting “jobs growth” as your top priority throughout those 46 months, during which time the workforce participation rate has steadily dropped? No?