Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on the day's biggest business stories

Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Stay on top of the latest market trends

Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Get the inside stories

Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Denver news?

Get a daily digest of the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Des Moines news?

Get a daily digest of the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Twin Cities news?

Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Tampa Bay news?

Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Charlotte news?

Get a daily digest of the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sign up for Axios NW Arkansas

Stay up-to-date on the most important and interesting stories affecting NW Arkansas, authored by local reporters

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Illustration: Sarah Grillo/Axios

U.S. colleges aren't producing enough graduates with the skills companies need. So corporations are partnering with community colleges and alternative credentialing programs to build worker pipelines.

Driving the news: Virginia Gov. Ralph Northam announced on Friday that a cloud computing degree program developed with Amazon Web Services will be expanded to colleges statewide in Virginia, where the company has major data center operations.

The big picture: Higher education institutions are under increasing pressure to prove the market value of degrees and credentials — immediately and in the long-term.

  • Steven Partridge, Northern Virginia Community College's vice president for strategic partnerships and workforce innovation, says they and other institutions are trying to create "a spigot" of workers tuned to local markets.

What's happening: Tech companies in particular are helping design curriculums to ensure students graduate with the exact skills they need to walk directly into jobs.

  • In Phoenix, 10 community colleges are working with Intel, Boeing, Apple and Cisco to teach specific skills so students can immediately work in emerging fields such as autonomous driving and blockchain-related businesses.
  • IBM has partnered with 19 community colleges to review curriculums, provide in-class expertise and apprenticeships to prepare students for "new collar" jobs in areas like cloud computing, cybersecurity and mainframes. It also created "P-TECH," a 6-year program that offers a high school diploma and associates degree, in 200 schools.
  • Siemens is adding about a dozen new schools each year to its "mechatronics" certification programs to teach students skills needed for advanced manufacturing.
  • Facebook, Tableau and others are creating co-branded certificates with community colleges through startup Pathstream.
"It's not just about the technical aspects. People need the soft skills, like how to collaborate, work on teams to solve a problem and adapt to change. These are things community colleges are well equipped to do."
— Diane Gherson, IBM chief human resources officer

Alternative programs like those offered through coding bootcamp Lambda School are built around the skills Google, Amazon, Microsoft and others say they are seeking in employees.

  • Lambda School CEO Austen Allred says their programs can keep pace with technological changes in ways traditional higher education institutions can't.

By the numbers: There are 7.2 million open jobs in the U.S. and 6 million unemployed Americans, per the Labor Department.

  • The U.S. has more than 700,000 open technology jobs, but universities are producing only about one-tenth that number of computer science graduates.
  • 67% of the adult population does not have a bachelor's degree.
  • "We’re not doing a good job helping people understand what jobs are out there and what skills they need for that job," said Accenture North America CEO Jimmy Etheredge.

Yes, but: A bachelor's degree is still the gold standard for economic mobility today.

Go deeper:

Editor's note: This story has been corrected to reflect that there are 200, not 20, "P-TECH," programs that offer a high school diploma and associates degree.

Go deeper

GOP operatives accused of funneling Russian cash to Trump

Jesse Benton, spokesman for the Ron Paul campaign, speaking to reporters in the spin room after the CNN Debate on January 1, 2012. Photo: Robert Daemmrich Photography Inc/Corbis via Getty Images

A former senior aide to Senate Minority Leader Mitch McConnell and Sen. Rand Paul was indicted this month for allegedly funneling $25,000 from a wealthy, unnamed Russian to former President Trump's reelection efforts.

The big picture: The Justice Department alleges that Jesse Benton, 43, the husband of Paul's niece and a veteran Republican staffer, orchestrated a scheme to conceal the illegal foreign donation with another GOP operative, Doug Wead.

Biden to raise refugee admissions cap to 125,000

Afghan refugees arrive at Dulles International Airport after being evacuated from Kabul. Photo: Chip Somodevilla/Getty Images

The Biden administration will raise the refugee admissions cap to 125,000 for the next fiscal year beginning in October, the State Department confirmed in a statement Monday.

Why it matters: The move comes as the U.S. contends with resettling tens of thousands of Afghan refugees stateside, and as the world faces "unprecedented global displacement and humanitarian needs," the department wrote.

Wall Street's wobble disrupts record stock market boom

People walk by the New York Stock Exchange earlier this month. Photo: Spencer Platt/Getty Images

Monday interrupted a stretch of calm amid the historic stock market boom underway since March 2020.

Driving the news: Jitters were apparent nearly everywhere.