WASHINGTON (AP) – President Barack Obama is naming leaders from business and labor to his newly created jobs and competitiveness council.

Among the members Obama announced Wednesday are AFL-CIO president Richard Trumka and Kenneth Chenault, the head of American Express. Obama also named Penny Pritzker, the finance chair for his 2008 presidential campaign, to the board.

The council is tasked with coming up with ways to promote economic growth and investment in U.S. businesses. Obama will lead the council's first meeting at the White House Thursday.

Obama also filled a key vacancy on his Council of Economic Advisers, naming Carl Shapiro as a member. Shapiro is currently an economist in the antitrust division at the Justice Department.

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