WASHINGTON (REUTERS) - The White House said on Thursday it is disbanding President Barack Obama's jobs council, a group of high-profile chief executives who gave advice on how to boost hiring at a time of high unemployment.

The White House said it has made progress on the council's recommendations and will begin a new, expanded effort to work with the business community to advance policy priorities promoted by the panel.

"The expanded effort to build on progress made by the jobs council fits into a broad and aggressive engagement strategy that has already begun," a White House official said.