The outlook from President Obama is that the job picture will get worse before getting better.

In a meeting with top economic advisors today, Obama said he expects more job losses in the coming months before the economy returns to sustained growth.

He praised the massive stimulus recovery package that he signed in February and said it helped pull the economy back from the brink of catastrophe.

The president cited the need to find "creative new approaches to financing" enterprises that will help further stimulate economic growth.