Obama asks CEOs for help hiring long-term jobless

Published January 31, 2014 8:41pm ET



WASHINGTON (AP) — Confronting an economic recovery slowed by persistent joblessness, President Barack Obama on Friday won commitments from nearly 300 companies to reach out to the nearly 4 million Americans who have been jobless 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 and advocates for the unemployed. “The longer you’re unemployed, the more unemployable you may seem.”

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