Ryan Says Jobs Report Sign of Failed Leadership [PHOTOS]

LOS ANGELES (AP) - Republican vice presidential nominee Paul Ryan says the latest unemployment report shows the economy is "limping along" as a result of failed leadership and bad fiscal policy coming from the Obama administration.

Ryan says news that employers added just 96,000 new jobs in August "is not even close to what a recovery looks like."

He commented during an interview with CNBC before a campaign appearance in Nevada.

The unemployment rate fell to 8.1 percent in August, down from 8.3 percent in July. But the drop was only because more people gave up looking for work.

Ryan says he and Republican presidential candidate Mitt Romney will push for low tax rates, economic growth and regulatory reform to help employers create jobs.

Meanwhile, the chairman of the White House Council of Economic Advisers, Alan Krueger, says the latest jobs report offers signs of an improving economy. But he acknowledges more work needs to be done.