Here is a Great Graphic from Joe Weisenthal at Business Insider. It compares the jobs creation in Bush's first term to Obama's first term. The red line is private sector employment. The blue line is state government employment. The green line is local government employment.
The argument is that while private sector employment snapped back quick under Obama, the real difference is the government sector.
Critics argue that the government employment under Bush was partly a function of Homeland Security issues after 9/11. Joe and others respond by noting that such arguments actually then support the claim that it took some extra-economic developments to "jump start" private sector job creation.