Mitt Romney released a statement that said the report was "devastating news for American workers."

"The president's re-election slogan may be 'forward,' but it seems like we've been moving backward. We can do so much better in America," he said.

Wolfers reminded that it's not just the presidential contest that is adding to the divisive atmosphere.

"You have to remember," Wolfers said, "every single congressman is running for their own seat."