Obama increases jobs goal to 3 million

WASHINGTON (AP) - President-elect Barack Obama says he wants to create or save 3 million jobs in the next two years. That's a-half million more than his earlier goal and reflects the worsening outlook for the economy.

Obama transition officials say the president-elect set the more ambitious target this week after meeting with his top economic advisers in Chicago. They're concerned that, with the current pace of unemployment, more than 9 percent of the workforce could be looking for jobs.

During the campaign, Obama said he wanted to save or create a million jobs. Just last month he set the two-year target at 2.5 million.

The president-elect and his family have begun a holiday in Hawaii, and his advisers will be using his guidance to prepare a stimulus plan for when he returns the day after New Year's. It's expected to include major new federal investments in health care, education and energy.

(Copyright 2008 by The Associated Press. All Rights Reserved.)