President Obama is asking major corporations for their help in putting the long-term unemployed back to work.
CEOs from companies like Apple, Walmart, Visa and Boeing are heading to the White House on Friday to deliver commitments to do their part. More than 300 companies have signed on so far, the White House said.
Although the unemployment rate has declined to 6.7 percent, long-term joblessness in the U.S. remains a major problem. The concern is that the longer someone is out of a job, the harder it gets to find a new one. Companies are less likely to hire people who haven’t used their skills in months or wonder why another employer hasn’t already snatched them up.
With that concern in mind, the Obama administration has been working for months to exact commitments from companies to ensure their hiring practices don’t discriminate against long-term job-seekers.
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