President Barack Obama speaks during the Easter Prayer Breakfast, Monday, April 14, 2014, in the East Room of the White House in Washington. (AP Photo/Carolyn Kaster)

April 16 (Bloomberg) — President Barack Obama plans to announce today an expansion of job-training and apprenticeship programs with a $600 million effort intended to equip workers with the skills sought by employers.

The first initiative is a $500 million competitive grant program for community colleges linked with businesses to create programs to teach the specific skills needed for open jobs.

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