Obama’s jobs council fades into history

President Barack Barack Obama is letting his jobs council expire, cutting off one source of input from business leaders while unemployment remains stubbornly high.

Obama formed the Council on Jobs and Competitiveness in January 2011, when unemployment was about 9 percent. It’s now 7.8 percent, though more than 12 million people are out of work.

Obama’s executive order establishing the council said it would go out of business Jan. 31, 2013.