President Obama meets with his Economy Recovery Advisory Board on November 2, 2009.

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THE SUNSET OF PERAB

In 2009, the President signed an Executive Order creating the President’s Economic Recovery Advisory Board (PERAB), which for two years under the leadership of Paul Volcker provided outside advice and counsel to the administration on recovery from the worst economic crisis since the Great Depression. The PERAB’s term expired on February 6, 2011.

Because we still have a long way to go to get Americans back to work and strengthen our economy, the President signed a new Executive Order creating a new board, the President’s Council on Jobs and Competitiveness, which is focused on finding new ways to promote growth by investing in American business to encourage hiring, to educate and train our workers to compete globally, and to attract the best jobs and businesses to the United States.

See video and minutes from the PERAB meetings.

Visit the President’s Council on Jobs and Competitiveness.

From the Press Office