Obama Faces Hurdles on Health Care, Stimulus

But, despite the criticism, the president and his team argue that jobs are the last thing that will improve in this economy and cite improvements in the housing and credit markets as signs of progress.

"We must let it work the way it's supposed to, with the understanding that, in any recession, unemployment tends to recover more slowly than other measures of economic activity," Obama wrote in the Washington Post op-ed.

His supporters echo that optimism, saying that job creation is likely to accelerate as more stimulus money is spent.

"This is not a four-month plan, this is a two-year plan," Sen. Charles Schumer, D-N.Y, said on "Meet The Press" Sunday. When you have such an awful situation, the worst economy that we've had in December, the president hamstrung because the usual tools of getting us out of a recession were lowering interest rates but interest rates were already at 1 percent, you need a strong, long-term plan that has a number of phases.

"Now you're going to see the second part of the stimulus, which is the job creation part, really kick in."

The president's Council of Economic Advisers released a report today detailing how the U.S. labor market is expected to grow and develop in the next few years. Per the report, the expansion in the health care and environment-related sectors will likely create more employment opportunities. It also notes the impact the stimulus has had on construction and manufacturing markets, with a rebound expected as money from the stimulus is distributed.

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