Preparing young people to succeed in the growing global economy
There’s a youth unemployment crisis today.
5.5MM young people are neither working nor in school.
Unemployment disproportionately impacts high-poverty and minority groups because of lack of education and necessary skills.
Youth Unemployment Rates:
11% Overall
22% African Americans
High-School Graduation Rates:
81% Overall
60% High-Poverty Urban Districts
Workers who don’t graduate from high school face dwindling job prospects, lower wages and fewer opportunities to join the middle class.
The future looks bright for young people who have the necessary education and credentials to be career-ready.
1 out of 3 American companies have openings for which they can’t find qualified workers.
By 2020:
Over 60% of new jobs will require more than a high school diploma
And of those 60%
Only about 50% of those new jobs will require a 4-year degree
We’ve committed $75MM toward a 5-year global career readiness initiative aimed at today’s youth.
New Skills for Youth
JPMorgan Chase & Co.
© 2016 JPMorgan Chase & Co.
Source: jpmorganchase.com
