Some observers contend the unemployment data's import is far more political than economic, coming against an increasingly acrimonious battle between Obama and his Republican challenger, Mitt Romney. Both are jockeying for position in key states, with the sluggish economy taking center stage in the campaign. (Read more: Obama Town Hall: Defending His Record on Economy, Jobs.)

When challenged on his assertion, O’Malley – head of the Democratic Governors Association and a close White House ally – insisted that President Obama has introduced a number of jobs initiatives that have not garnered GOP support.

“There is no bill [that Republicans would co-sign], because they’re trying to slow the economy before the election,” said O’Malley. “The president has shown his willingness to compromise, sometimes to a much greater degree than some would deem is prudent.”

O’Malley said while private sector jobs were being created at a healthy clip, a more “balanced approach” was needed to help preserve public sector positions, many of which were shed in the wake of the recession.