Obama: Private, Public Sectors Must Create Jobs

Obama said Monday the economy has pulled back "from the brink" but still has a long way to go. He said job losses will continue for weeks and months to come and called for bold, innovative action by his administration, Congress and the private sector to create more good-paying jobs.

Obama made the remarks at the start of a White House meeting with economic advisers. The session was open to reporters and streamed live on the White House Web site.

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