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Obama Summit Tackles Jobs

Event will coincide with the release of November unemployment stats

By Kevin Spak, Newser Staff

Posted Dec 3, 2009 7:34 AM CST

(Newser) – The Obama administration will hold a much-hyped jobs summit today, bringing 130 guests—including labor leaders and a host of big-name CEOs—to brainstorm ideas for tackling unemployment. The event also just happens to coincide with the release of November’s unemployment figures, which aren’t expected to be pretty—ADP estimates that 169,000 jobs were lost last month.

With federal deficits dizzyingly high, Obama’s hoping for ideas that require minimal government outlays—like giving homeowners incentives to retrofit their homes for greater energy efficiency or tax credits for businesses that hire new employees. That hasn’t stopped labor leaders from dreaming big—the AFL-CIO is coming with a wide-ranging $400 billion to $500 billion proposal, the Wall Street Journal reports. Newt Gingrich, meanwhile, is hosting a competing summit that will advocate cutting back on regulations, taxes, and the deficit.

Treasury Secretary Timothy Geithner looks on as President Barack Obama speaks at Metropolitan Archives storage facility in Landover, Md., Wednesday, Oct. 21, 2009. (AP Photo/Charles Dharapak)

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Event will coincide with the release of November unemployment stats

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Obama's economic policy is falling behind the curve

In Surprise, Unemployment Falls to 8.3%

243K jobs were added in January: jobs report

Unemployment Falls to 8.5%

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Unemployment Drops to 8.6%

Economy added 120K jobs in November

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October saw 80K new jobs added

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Event will coincide with the release of November unemployment stats

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OTHER STORIES ON OUR RADAR

Barack Obama • unemployment • Obama administration • Timothy Geithner • unemployment rate • jobs

MOST POPULAR STORIES

[ By Views ]

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More Newser Stories

Stimulus Not Big Enough to Save Us: Krugman

Obama's economic policy is falling behind the curve

In Surprise, Unemployment Falls to 8.3%

243K jobs were added in January: jobs report

Unemployment Falls to 8.5%

200K jobs added in December: jobs report

Unemployment Drops to 8.6%

Economy added 120K jobs in November

Unemployment Falls to 9%

October saw 80K new jobs added

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