The panel of CEOs, labor leaders and economists Barack Obama tapped in 2011 to stimulate job creation in the United States is shutting down, the White House confirmed Thursday.
POLITICO reported last July that the 26-member President’s Council on Jobs and Competitiveness had not held an official meeting in six months, apparently due to political sensitivities about such a meeting in the campaign season. The council never met again. Its charter expired Thursday, though it could have been extended by the president.
Council officials said the lack of public meetings over the past year did not indicate that the council was dormant.
I think it’s safely “dormant” now.
When Obama was inaugurated in January 2009, there were 80,507,000 American civilians age 16 or older who did not have a job or seek one. In December 2012, there were 88,839,000—thus, the increase of 8,332,000.
The increase in Americans opting out of the labor force during Obama’s first term resulted in a decrease in the labor force participation rate from 65.7 percent in January 2009, the month Obama was first inaugurated, to 63.6 percent in December 2012, the latest month reported.
Nearly 89 million Americans aren’t working and labor force participation is at 63.6 percent. So who needs that jobs council anyway?