According to a report I read in Investors Business Daily, the 115,000 jobs gained coupled with 342,000 people giving up looking for work was the cause of the drop of 0.1%.
A dedicated Obama fanboy on another forum I visit claims that the 342,000 represent baby boomers retiring rather than discouraged job seekers. And, of course, that's not Obama's fault. (I'm looking for a way to refute that claim but haven't found anything solid yet.)
Can you find statistics on employment for those over 55? If their employment participation is not dropping then they are not retiring and the losses have to be coming from lost jobs, not retirements.