Jobs Summit In Washington Today

Thursday, December 03, 2009

Today in Washington D.C., President Obama is refocusing on job creation with business and labor leaders at the White House.

With unemployment in the double digits for the first time in decades, Democratic lawmakers are suggesting a second economic stimulus aimed directly at job creation may be needed, according to the Associated Press.

Administration officials are hoping today's jobs forum will help counter Republican critics who say the administration's economic recovery efforts have failed.

At the jobs forum, Obama is expected to defend his administration's handling of the economy and argue that it would be in far worse shape if Congress had not passed the stimulus bill earlier this year.

Administration officials said they don't expect major policy announcements from the president, Vice President Joe Biden or members of the Cabinet who are scheduled to be on hand today.

According to an Associated Press report, Obama economic adviser Larry Summers said, "The White House jobs forum will take stock of where we are on the implementation of the Recovery Act and explore new job creation measures, including infrastructure investment, incentives for small businesses, developing our green economy and promoting U.S. exports."

The nation's unemployment rate is 10.2 percent. Some 15.7 million Americans are out of work, and the average jobless worker has been unemployed for more than six months, according to the AP.

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