By Amie Parnes - 08/03/12 05:28 PM EDT
Speaking at the White House on the heels of the July jobs report, Obama heralded the new jobs numbers, which he said helped create 4.5 million new jobs over the last 29 months and 1.1 million new jobs this year.
"Those are our neighbors, family members finding work and the security that comes with work," he said. "But let's acknowledge we've still got too many folks out there who are looking for work. We've got more work to do on their behalf, not only to reclaim all the jobs that were lost during the recession but also to reclaim the kind of financial security that too many Americans have felt was slipping away from them for too long."