Obama hunkers with business leaders at job council (AFP)

Thursday, February 24, 2011 2:01 PM By dwi

WASHINGTON (AFP) – President Barack Obama on weekday hunkered downbound with US playing leaders, urging a "laser-like focus" on boosting US employ amid inactive economic growth.

In a commission shack at the Eisenhower Building incoming to the White House, Obama told his 22-member Council on Jobs and Competitiveness that the main pore for US playing "has to be on jobs in the United States."

The panel, chaired by General Electric CEO Jeffrey Immelt, was meeting for the prototypal instance since Obama created it New terminal period to find structure to promote employ growth.

"The knowledge to uphold long-term things same an battleful trade list and employ ontogeny module depend on the degree in which the American grouping see they hit a wager in your success," he told the group, which included Intel CEO Apostle Otellini and Comcast honcho chief Brian Roberts.

The open "will pull backwards from investments, hold for investigate and development, if they see that the byproducts of their investment never reach them, other than as consumers," Obama said.

"The biggest challenge that we're seeing right today is the fact that unemployment is still artefact too broad all across the country," Obama said.

"We poverty to vanish some barriers and some impediments that are preventing you from success and from growth," he told the council, adding that the brass is also "putting a lowercase push on you guys to amount out how do we attain trusty that the frugalness is employed for everybody."

According to authorised data, the January unemployment rate lapse a astonishingly brawny 0.8 proportionality points from Dec to 9.0 percent.

Meanwhile, figures released weekday showed US jobless claims lapse by 22,000 terminal week, pointing to an improving fag market.

Claims lapse to 391,000 for the hebdomad success February 19, a take which if sustained, would inform a defined transformation of the employ market, a Labor Department authorised said.


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