Obama administration launches $1.5B youth summer jobs program

The Obama administration plans to spend $1.5 billion for what it calls “high-impact” jobs for “low-income” and “at-risk” youth between the ages of 18 and 24 this summer.

Among the “high-impact jobs” described on the Department of Labor’s Summer Jobs 2012 website  are employment opportunities with Jamba Juice, a California-based smoothie chain, and  retail opportunities  at CVS Pharmacy and at The Gap.

Other participating companies include AT&T, Bank of America and Deloitte.

The program aims to provide 180,000 seasonal temporary paid and unpaid internships and summer jobs with the goal of reaching 250,000 young Americans nationwide, according to a White House press release.

The administration says that its program will include paid on-the-job training for 70,000 young Americans and engage groups that teach soft skills and other competencies needed for the workplace to replace the anticipated long-term loss of $1.6 trillion of tax dollars anticipated among young Americans.

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