Having gone through an incredibly difficult time in the last three years, the country is now moving in the right direction, US President Barack Obama has said.

"All of America has gone through an incredibly difficult, wrenching time these last three years," Obama said at a campaign event, held at a private residence, in Washington.

"I think all of us have been deeply concerned over these last three years to making sure that our economy recovers, that we're putting people back to work, that we stabilise the financial system. The good news is that we're moving in the right direction. When I came into office, we were losing 750,000 jobs a month, and this past month we gained 250,000 - that's a million job swing. For the last 23 months, we've now created 3.7 million jobs," he said.

Related Articles G8 growth talk leaves wary markets awaiting action Montek feels govt should raise petroleum prices World behind strategy to exit Afghanistan: Obama Chicago police foils terror attack ahead of NATO Summit Falling rupee a concern; Centre not sitting idle: Pranab Related Images

Still the US has a long way to go, he said. Obama said in his recent State of the Union Address, he talked about the need for American companies to bring back jobs to the country - insourcing.

"We talked about the fact that we've got to have the same set of values of fair play and responsibility for everybody - whether it's Wall Street or Main Street."