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Obama, CEOs To Talk Job Creation Wednesday

AP / The Huffington Post   First Posted: 12/11/10 07:27 PM ET Updated: 05/25/11 07:20 PM ET

Unemployment

WASHINGTON -- The White House says President Barack Obama will discuss ideas for creating jobs and making the U.S. more competitive when he hosts about 20 CEOs on Wednesday.

The White House isn't saying yet who's on the invitation list for the event at Blair House.

White House spokeswoman Jennifer Psaki (SAH'-kee) says the session will give the president a chance to continue building his relationship with the business community. Obama has said that's an area he needs to work on.

Likely areas of discussion will include promoting exports and making sure the next generation is skilled enough to compete in a global marketplace. Other topics include tax reform, government regulation and the country's medium and long-term federal deficits.

Obama's meeting with the corporate executives comes just weeks after the Commerce Department reported that U.S. corporations posted the highest profits ever recorded during the third quarter of the 2010 fiscal year. Despite a combined $1.659 trillion in corporate profits, hiring remains scarce.

According to the most recent unemployment figures, 9.8 percent of all working-age Americans are seeking a job.

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