By Tami Luhby
-The White House Council of Economic Advisers is set to release Thursday morning a 300-page review of the president’s economic initiatives.

The annual report, which is delivered to Congress, will look at the actions President Obama took to deal with the recession over the past year. It will also discuss the economic challenges that lie ahead for the nation.

The report will examine the current economic crisis, including the steps the government took to shore up the financial and housing markets. It also looks at the need to reduce the federal government’s deficit and to tackle long-standing problems such as health care costs, climate change and living standards.

Council Chairwoman Christina Romer, who called the report “a page-turner,” said she expects an average of 95,000 jobs a month to be created in 2010 and the nation’s GDP to expand at a 2.5% rate.

Obama has made job creation his central focus in his second year in office. He has recently traveled the country promoting tax credits for small businesses, the source of many new hires. And on Tuesday, he brought together congressional leaders to push for a bipartisan agreement on legislation to boost hiring.

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