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White House Fact Sheet Addresses New Federal Investments to Support Job-Driven Training
Apr 17, 2014
To create new opportunities for all hard-working Americans to get ahead, the President has asked the Vice President to lead an initiative to help individuals get trained with skills businesses need now and then placed in good, middle class jobs. Training America's workers with the skills they need for a good job can help middle class families feel more secure in their jobs and help American businesses grow our economy. But too many businesses can't find skilled workers for jobs they want to fill, while too many people looking for a job may be ready to learn new skills but may not be certain that there's a job waiting for them on the other end. Community colleges are one of the best ways to train workers with the skills they need for a job, and hands-on apprenticeships are one of the clearest paths to a good, secure middle class job. In fact, 87 percent of apprentices are employed after completing their programs and the average starting wage for apprenticeship graduates is over $50,000.
Today (April 16), as part of this effort, the President and Vice President are announcing new federal investments using existing funds to support job-driven training, like apprenticeships, that will expand partnerships with industry, businesses, unions, community colleges, and training organizations to train workers in the skills they need. Employers, unions, and foundations are joining these efforts with new commitments to support job-driven training. These steps are part of President Obama's commitment to make 2014 a year of action, acting with Congress when possible but also using his pen and his phone - calling on businesses, philanthropy, non-profits, states, and local communities to act.
A new White House fact sheet addresses the investments under the Trade Adjustment Assistance and Community College and Career Training (TAACCT) and Registered Apprenticeship.