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.

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.

New Skills For Youth

What we are doing

JPMorgan Chase is investing $250 million

over five years to:

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

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

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

Related Videos

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    • “The most important thing we can do as a company is invest in the economic prosperity of our communities. If we can help close the skills gap, we can reduce unemployment and be a force for broadly shared economic opportunity.”

      —Jamie Dimon, Chairman & CEO, JPMorgan Chase & Co.
    • "Through our New Skills at Work initiative, JPMorgan Chase recognizes the importance of helping more Americans develop in-demand job skills to compete at home and abroad. By streamlining programs, reporting and administration, the Workforce Innovation and Opportunity Act will complement private commitments to give workers and employers the resources and skills necessary for success in today's economy."

      Chauncy Lennon, Senior Program Director, JPMorgan Chase Foundation
    • "The private sector is critical to job training. We need business owners working with educators and non-profits to match growth sector needs with employee skills."

      Melody Barnes, Former Director of the White House Domestic Policy Council and Co-Chair of the New Skills at Work Advisory Council
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      Our Partners

      JPMorgan Chase has identified an initial set of best-in-class partner organizations for New Skills at Work, and we will add new local and regional partners in 2014.


      The JPMorgan Chase Global Workforce Advisory Council will advise on the development, implementation and evaluation of New Skills at Work. Chaired by Jamie Dimon, JPMorgan Chase Chairman and CEO, and co-chaired by Melody Barnes, former Director of the White House Domestic Policy Council, the Council will bring together a group of private sector, non-profit, education and workforce development thought leaders to ensure the effectiveness of the effort.

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