Obama asks CEOs for help hiring long-term jobless

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WASHINGTON (AP) — Confronting the persistent joblessness that has marred the economic recovery, President Barack Obama won commitments Friday from more than 300 companies to reach out in their hiring to the nearly 4 million Americans who have been unemployed for half a year or more.

“It’s a cruel Catch-22,” Obama said at a White House event with CEOs, job training groups and advocates for the unemployed. “The longer you’re unemployed, the more unemployable you may seem.”

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