After Four Meetings, President Obama Shutters Jobs Council
President Obama established his Council on Jobs and Competitiveness in January 2011 as a means of gathering input from the business community on economic issues, from reducing unemployment to boosting American competitiveness. But the council, whose mandate expires today, has convened just four times over the past two years.
The White House, according to the Associated Press, will focus on “new ways to engage with the business community and create jobs.” The jobs council, chaired by General Electric CEO Jeff Immelt, last met a year ago, in January 2012. Yesterday, the Bureau of Economic Analysis announced that the economy shrank in the fourth quarter of last year and jobless claims rose 38,000 to 368,000.