"In the six months before I took office, we lost nearly 4 million jobs. And we lost another 4 million before our policies were in full effect.
Those are the facts. But so are these: In the last 22 months, businesses have created more than 3 million jobs.
Last year, they created the most jobs since 2005. American manufacturers are hiring again, creating jobs for the first time since the late 1990s. Together, we’ve agreed to cut the deficit by more than $2 trillion. And we’ve put in place new rules to hold Wall Street accountable, so a crisis like this never happens again.
The state of our Union is getting stronger."
---From President Obama's Address to Congress on January 24, 2012
Source: US Bureau of Labor Statistics