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Closing the Skills Gap

Helping people develop the skills they need to compete for today's jobs can transform lives and strengthen economies. Through New Skills at Work, our five-year $250 million global initiative, we are leveraging our resources, expertise, and global reach to help inform and accelerate efforts to support demand-driven skills training for adults. Additionally, we launched a program to expand skills–based education for young people — New Skills For Youth is a $75 million program to help solve the youth unemployment crisis.

The numbers seem to contradict each other: unemployment is high across the globe, while recent data reveals that employers are having trouble finding workers who are trained for the jobs that are available, particularly in skilled labor and professional positions. And more than 50% of global CEOs are concerned that a key skills gap could limit their growth prospects.footnote 1 What can we do to ensure that people are trained and competitive for the skilled jobs of the 21st century? Read more and find out.

Tech Jobs for All?

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This report examines the reasons for the tech training hype and proposes a taxonomy of training programs, cataloging best practices from each program type.

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New Skills for Youth.

This $75 million global initiative aims to address the economic opportunity crisis facing young people. New Skills For Youth will encourage U.S. states to transform career-focused education programs and invest in effective strategies for scaling high-quality skills-based training and education globally.

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What We Are Doing

JPMorgan Chase
is investing $250 million over five years to:

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Build a Demand-Driven System through cross-sector gatherings to encourage collaboration, share findings and formulate strategies

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Invest in the Best Training and make targeted investments to strengthen and scale the most effective workforce training programs

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Rely on Dataand Sponsor a data-driven analysis of skills demand to supply gaps in local markets.

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More Information

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Helping people gain the skills they need to compete for jobs can transform — and strengthen economies. That's why we are developing the talent of today with the skills of tomorrow.

New Skills at Work in the US 
New Skills at Work in Europe 




1
PwC and The Atlantic Council (2013). Dealing with Disruption, Adapting to Survive and Thrive: 16th Annual Global CEO Survey.
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