News

Obama to announce $600M job training initiative

Obama to announce $600M job training initiative

JOB CREATION:To try to fill the void, Obama will announce during a visit to Oakdale, Pennsylvania, a plan to use $500 million in existing Labor Department funds to pay for a competition. Photo: Reuters

By Steve Holland

WASHINGTON (Reuters) – President Barack Obama will announce an initiative on Wednesday to devote $600 million to address a central challenge of today’s economy: How to train workers for skills they need for jobs that are open but hard to fill.

American companies will need 522,000 software developers and computer programmers over the next 10 years as well as nearly 110,000 pharmacists, 224,000 electricians and 941,000 customer service representatives, according to the Bureau of Labor Statistics.

To try to fill the void, Obama will announce during a visit to Oakdale, Pennsylvania, a plan to use $500 million in existing Labor Department funds to pay for a competition.

The goal of the competition is to spur employers and community colleges to work together and develop training programs that are designed to get workers prepared for specific jobs that already exist.

Another $100 million will be drawn from a Labor Department fund to support programs aimed at training apprentices in new fields with fast-growing occupations such as information technology, healthcare and advanced manufacturing.

Employers need people trained as welders, machinists, dental hygienists and even electrical power line installers, the Bureau of Labor Statistics said.

Administration officials who briefed reporters about the initiative said the aim is to address the needs of a fast-changing economy.

“The pace of change – technology, globalization – has changed the nature of work and the speed at which necessary skills change,” said a senior Obama administration official.

Obama, joined by Vice President Joe Biden, is to announce the initiative at an event at Community College of Allegheny County on the outskirts of Pittsburgh.

The plan is part of an effort launched in Obama’s State of the Union speech in January to act with his own presidential authority in the absence of a consensus from a divided Congress.

While the economy has rebounded since bottoming out early in Obama’s first term, many Americans remain unemployed or underemployed, and Obama has made it a priority of his second term to help the middle class and reduce income inequality.

(Reporting by Steve Holland; Editing by Ken Wills)

Recent Headlines

in Entertainment

Today in entertainment history: Oct. 21

Fresh
elton-john

A look back at the Hollywood headlines that made history.

in Entertainment

Robin gig has gone to the girls

jenamalone

The superhero sidekick is set for a sex change in the upcoming "Batman V. Superman: Dawn of Justice" film.

in Music

Led Zeppelin plagiarism case to be heard in Pa.

2012 Kennedy Center Honorees and members of the band Led Zeppelin, from left, Jimmy Page, John Paul Jones, and Robert Plant chat on the red carpet after arriving at the Kennedy Center for the Performing Arts for the 2012 Kennedy Center Honors Performance and Gala Sunday, Dec. 2, 2012 at the State Department in Washington.

Led Zeppelin have lost the first round in their plagiarism battle over mega-hit "Stairway to Heaven."

in Entertainment

Jay Leno is the funniest man in America

jayleno

The former "Tonight Show" host received the Mark Twain Prize for American Humor at the Kennedy Center Honors.

in Entertainment

REVIEW: Too familiar ‘Fury’ misses glory

This photo released by Sony Pictures Entertainment shows Brad Pitt as Wardaddy in a scene from "Fury."

Brad Pitt is fantastic, but Fury can't go out in the blaze of glory it aimed for.