- Sep 19, 2011
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Obama's jobs council shutting down Thursday
President Barack Obama will let his jobs council expire this week without renewing its charter, winding down one source of input from the business community even as unemployment remains stubbornly high.
When Obama in January 2011 formed his Council on Jobs and Competitiveness, unemployment was hovering above 9 percent. Two years president later, more than 12 million people in the U.S. are out of work. The unemployment rate has improved to 7.8 percent, but both parties agree that's still too high.
A provision in Obama's executive order establishing the council says it sunsets on Thursday. A White House official said the president does not plan to extend it.
Of course...Obama met with the council [ALL THE TIME] only a handful of times.
During the last meeting, in February 2012, the president and the council highlighted an engineering education initiative alongside school deans.
Obama's jobs council shutting down Thursday - US News and World Report
Yea... our smartest president now says unemployment new acceptable level is 7.8% contrary to the Employment Act (1946), initially the "Full Employment Act," Specifically, the Act is committed to an unemployment rate of no more than 3% for persons aged 20 or over and not more than 4% for persons aged 16 or over (from 1983 onwards), and the Act expressly allows (but does not require) the government to create a "reservoir of public employment" to effect this level of employment. These jobs are required to be in the lower ranges of skill and pay so as to not draw the workforce away from the private sector.
Full employment - Wikipedia, the free encyclopedia
3% is the LAW!!!
President Barack Obama will let his jobs council expire this week without renewing its charter, winding down one source of input from the business community even as unemployment remains stubbornly high.
When Obama in January 2011 formed his Council on Jobs and Competitiveness, unemployment was hovering above 9 percent. Two years president later, more than 12 million people in the U.S. are out of work. The unemployment rate has improved to 7.8 percent, but both parties agree that's still too high.
A provision in Obama's executive order establishing the council says it sunsets on Thursday. A White House official said the president does not plan to extend it.
Of course...Obama met with the council [ALL THE TIME] only a handful of times.
During the last meeting, in February 2012, the president and the council highlighted an engineering education initiative alongside school deans.
Obama's jobs council shutting down Thursday - US News and World Report
Yea... our smartest president now says unemployment new acceptable level is 7.8% contrary to the Employment Act (1946), initially the "Full Employment Act," Specifically, the Act is committed to an unemployment rate of no more than 3% for persons aged 20 or over and not more than 4% for persons aged 16 or over (from 1983 onwards), and the Act expressly allows (but does not require) the government to create a "reservoir of public employment" to effect this level of employment. These jobs are required to be in the lower ranges of skill and pay so as to not draw the workforce away from the private sector.
Full employment - Wikipedia, the free encyclopedia
3% is the LAW!!!