President Obama to Announce Upcoming Job Summit on Thursday

It was revealed earlier in the week that our nation's unemployment rate of 10.2 percent had reached its highest percentage in more than 26 years. In response to the statistic that has caused a substantial uproar from those who are suffering the most from the state of our nation's economy, President Barack Obama will apparently reveal specific details about an upcoming job summit that will be held in December.

According to Reuters, an administration official has reported that President Obama will reveal details about the job summit later today at the White House before he embarks on his long-awaited eight-day trip to Asia. The summit will revolve around the process of job creation and is expected to be entitled "Forum on Jobs and Economic Growth".

The administration official went on to reveal that the economic experts who are slated to appear at the summit will discuss optimal options for continuing to resuscitate our nation's economy as well as options that will help to substantially reduce the unemployment rate.

ABC News is reporting that Chief Executive Officers, economists, financial experts, labor leaders and small business owners will be invited to the December job summit. The thought of hosting a job summit had been considered by President Obama's economic team in order to promote positive ideas on how to handle the economic situation.