Obama adviser: 'Recoveries have ups and downs'

White House Economic adviser Alan Krueger said Friday that despite a dismal August jobs report, "we see a pattern that the economy's continuing to heal." 

"I say every month when the news comes in, it's important to take a step back," Krueger said during an appearance on CNBC. "The economy is continuing to head in the right direction. We're still expanding."

The economy added 96,000 jobs in August, according to the Bureau for Labor Statistics, and while the unemployment rate fell last month to 8.1 percent from 8.3 percent it was because the labor force participation rate fell to 63.5 percent.

"Recoveries have ups and downs; that's the nature of recoveries," Krueger said.

Krueger downplayed the revelations from the August report and touted the 4.6 jobs added in the last 30 months.