Microsoft, LinkedIn To Retrain Unemployed Workers for In-Demand Jobs

Microsoft and its LinkedIn unit will provide free job training to help unemployed workers prepare for in-demand jobs as the global pandemic pushes U.S. joblessness to levels as bad as those during the Great Depression. From a report: The program uses LinkedIn data to find the jobs that employers most want to fill, and offers free access to content that helps workers develop the required skills. The company will also cut the cost of its certification exams and offer free job-seeking tools. Microsoft aims to provide additional skills to 25 million people globally by the end of the year through the program for such jobs as software developer, customer-service specialist and graphic designer. Microsoft said its calculations show global unemployment may reach a quarter of a billion people this year. The U.S. unemployment rate was 13.3% in May, the highest level since 1940, as the coronavirus shut down stores, restaurants and bars, with higher rates of joblessness among Black and Latino workers. While parts of the economy are starting to reopen in the U.S., companies are also shutting down, filing for bankruptcy or announcing permanent job cuts to adjust to a long-term slowdown.