Many business bachelors and MBA degree seekers may want to know what their employment prospects will be before they graduate. These individuals may be interested to learn what steps President Barack Obama's administration is taking to promote job creation in the U.S.
The Council on Jobs and Competitiveness was created to provide new ways of generating employment opportunities and American prosperity, according to the White House's official website. Jeffrey Immelt, chairman and CEO of General Electric, was appointed by the President as the head of the group, which is comprised of 22 business and labor leaders.
Though earnings on Wall Street continue to rise, the national unemployment rate remains high at 9.0 percent, according to the Bureau of Labor Statistics. This has led Obama to pressure the private sector into creating new job opportunities, according to The Associated Press.
"We're not simply creating an economy in which one segment of it is doing very well, but the rest of the folks are out there treading water," President Obama said during a meeting with the council, quoted by the news source.
Among the ideas the President would consider to spur job creation are a streamlining regulations and reforming tax laws, according to the news source.