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VOL. 126 | NO. 39 | Friday, February 25, 2011

Obama: Unemployment the Biggest Economic Challenge

AP

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WASHINGTON (AP) – President Barack Obama says the biggest challenge facing the U.S. economy is an unemployment rate that remains unacceptably high.

Obama told his newly created competitiveness council Thursday that its top priority must be creating jobs during a period of fiscal restraint.

Obama named business and labor leaders to the council, including GE Chairman Jeffrey Immelt and AFL-CIO President Richard Trumka. The council plans to deliver recommendations to the president within 90 days.

Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 137 550 13,176
MORTGAGES 136 615 17,085
FORECLOSURE NOTICES 11 66 3,356
BUILDING PERMITS 223 924 28,618
BANKRUPTCIES 73 376 10,866
BUSINESS LICENSES 20 131 4,335
UTILITY CONNECTIONS 0 472 16,821
MARRIAGE LICENSES 30 130 3,821

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