President-elect Donald Trump has announced the establishment of a strategic and policy forum as part of his plan to create and retain US jobs.

Business leaders including JP Morgan Chase CEO Jamie Dimon, Walmart president Doug McMillon, and IBM CEO Ginni Rometty will sit on the forum, which is to be chaired by CEO and Co-Founder of Blackstone, Stephen A. Schwarzman.

"This forum brings together CEOs and business leaders who know what it takes to create jobs and drive economic growth," Trump said.

"My administration is committed to drawing on private sector expertise and cutting the government red tape that is holding back our businesses from hiring, innovating, and expanding right here in America."

Members of Trump's forum will meet on a regular basis to share their business ideas with the president-elect to build on his promise to "bring back jobs", with the first meeting set to take place in February 2017.

Trump's team has already boasted of some success in retaining US jobs, having persuaded air conditioning company carrier to keep 1,000 jobs in Indiana, rather than outsource them to Mexico.

However, this perceived early win for Trump was mocked by the White House, with a spokesperson for President Barack Obama pointing out the Republican had a long way to go before he could boast of the level of job creation enjoyed by Obama.

"If [Trump] is successful in doing that 804 more times, then he will meet the record number of manufacturing jobs" Obama created during his tenure, Obama spokesperson Josh Earnest told The Hill.