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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 This material may not be published, broadcast, rewritten or redistributed.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 146 146 9,350
MORTGAGES 175 175 12,540
FORECLOSURE NOTICES 0 19 2,545
BUILDING PERMITS 0 73 20,874
BANKRUPTCIES 60 65 8,029
BUSINESS LICENSES 36 36 3,351
UTILITY CONNECTIONS 124 124 11,842
MARRIAGE LICENSES 32 32 2,847

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