Education
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Short-term credentials and the labor market: Who stands to benefit?
Short-term credentials, such as certifications, are becoming more popular due to the timely and cost-effective targeted training they offer for specific jobs. However, their value varies widely across industries and educational levels, with mixed impacts on wages and employment outcomes.
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How community colleges meet the needs of students and employers via non-credit programs
Non-credit training programs offered by community colleges can help address labor shortages by providing students with skills and credentials they need for specific occupations. Outreach by the Richmond Fed indicates that funding for these programs is inconsistent, and there are constraints for both students and institutions hoping to utilize these programs.