"Monthly jobs numbers tend to be volatile. They get revised. Sometimes the revisions change the way we view what's going on in the economy, but there's no doubt we need faster job growth," Krueger told The Associated Press.
The economy added only 69,000 jobs in May, a result much worse than expected. Stocks dropped sharply on the news.
"Given the hole in the economy when the president came to office, given the jobs deficit that the nation faced when the president came to office, and that was even worsened by the recession, I think it's clear we need faster job growth, but we welcome any increase in jobs. We just should taken the steps that we can to hasten the pace of job growth," Krueger added.
Krueger called on Congress to carry out the president's proposals for infrastructure investment and providing funding to state and local governments in order to encourage job creation.
"Those are the areas where government can act right now to help strengthen the recovery," he added.
Republicans quickly seized on the bleak employment numbers, blaming Obama for ineffective policies and what they believe are broken promises.
"Today's extremely troubling jobs report proves yet again that President Obama's policies simply are not working and that he has failed to live up to the promise of his presidency. In early 2009, he promised to fix the economy in three years, and he promised the unemployment rate would be below six percent by now," said RNC Chairman Reince Priebus in a statement.
Read more on the May jobs figures on The Hill's On The Money blog.