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January 31, 2014 AT 9:31 AM
Confronting an economic recovery slowed by persistent joblessness, President Barack Obama won commitments from nearly 300 companies on Friday 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.