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Over 30% of the U.S. labor market and 375M workers globally will need to change jobs or upgrade their skills by 2030.

JPMorgan Chase is investing $350 million to develop, test and scale innovative efforts that prepare individuals with skills they need to be successful in a rapidly changing economy.

Go deeper

How to better prepare people in the U.S. for well-paid, sustainable careers

There is a significant racial gap in the U.S., and COVID-19 exacerbated inequities

Why it’s important: The widening racial wealth gap and reduced buying power for Black and Latinx people cost the U.S. economy about $2.3 trillion per year, according to a National Equity Atlas report.

To address this, JPMorgan Chase is investing in jobs and skills programs as part of its work to advance racial equity, including the company’s $30 billion firmwide commitment across the business.

JPMorgan Chase supports inclusive career pathways

JPMorgan Chase’s efforts help strengthen the pipeline to college and create inclusive pathways to careers. Their approach:

  • Advancing policy solutions.
  • Mentoring and support.
  • Upskilling employees
  • Investing in community partners.
  • Raising firm-wide minimum wage.

JPMorgan Chase introduces new program to upskill employees

The company is committed to preparing its employees to succeed in growing jobs at JPMorgan Chase.

The goal: Support workforce solutions and job training to advance racial equity in the workforce.

Learn how they’re supporting their employees.