President Obama challenges business leaders to help improve economy

President Obama who signed a new Executive Order to create the President's Council on Jobs and Competitiveness, recently met for the first time with members of the Council. The purpose of the Council is to focus on finding new ways to promote growth by investing in American business to encourage hiring, to educate and train workers to compete globally and to attract the best jobs and businesses to the U.S.
The President told the Council that the biggest challenge still facing the country is that the unemployment rate is still too high. He said even as his administration works with the business community to streamline regulations, to reform the tax system and takes other steps to assist business, his administration is going to pressure companies to determine how to make the economy work for everybody; how to ensure that every child who’s willing to work hard will succeed; how to make sure working families nationwide share in the country’s increased productivity and that the improving economy doesn’t benefit just one segment of the population.