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President Obama to Hold Job Summit in December

President Obama announced a December jobs summit to tackle the economic challenges facing hiring  in the U.S. in 2009 and beyond.

President Obama announced a December jobs summit to tackle the economic challenges facing hiring in the U.S. in 2009 and beyond.

President Obama announced Friday that he will host business leaders and employment experts at the first ever Jobs Forum in December to help inform his administration’s strategy to improve job market in 2010.

Obama said he was was disappointed by the pace of recovery in the job market, which has not improved with the rest of the economy.

We all know that there are limits to what government can and should do, even during such difficult times.  But we have an obligation to consider every additional, responsible step that we can [take] to encourage and accelerate job creation in this country.  And that’s why, in December, we’ll be holding a forum at the White House on jobs and economic growth.  We’ll gather CEOs and small business owners, economists and financial experts, as well as representatives from labor unions and nonprofit groups, to talk about how we can work together to create jobs and get this economy moving again.

It’s important that we don’t make any ill-considered decisions — even with the best intentions — particularly at a time when our resources are so limited. But it’s just as important that we are open to any demonstrably good idea to supplement the steps we’ve already taken to put America back to work. That’s what this forum is about.

With 10.2 percent unemployment and recently signed legislation to extend unemployment benefits for continuing claims, the President said he and his administration are “determined” to meet the challenges a jobless recovery is presenting. A New York Times blog post puts it in recent and historic context:

The renewed attention on jobs at the White House comes amid repeated waves of bleak economic news. The Labor Department issued a jobs report last week that showed one out of every six workers – 17.5 percent – were unemployed or underemployed in October. The previous high was 17.1 percent, in December 1982.

Republican leaders hope to contribute ideas in the jobs summit, said the NY Times.

(Image by The White House Photostream via Flickr CC 3.0)

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One comment for “President Obama to Hold Job Summit in December”

  1. [...] … unemployment benefits for continuing claims, the President said he and his administration are “determined” to meet the challenges a jobless recovery is presenting. A New York Times blog post puts it in recent and historic context: …Continue Reading [...]

    Posted by President Obama To Hold Job Summit in December | Career-Line.Com - Unsecured Personal Loan for Consolidation | November 18, 2009, 2:20 pm

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