Omnibus Youth Employment and Training Act

Omnibus Youth Employment and Training Act - Title I: Comprehensive Youth Employment and Training Services - Amends the Comprehensive Employment and Training Act of 1973 to authorize the Secretary of Labor to provide financial assistance to prime sponsors, counties, associations of counties, and Indian tribes for comprehensive manpower services for economically disadvantaged, unemployed, and underemployed youths who are age 15-24, inclusively.

Directs that such financial assistance program emphasize training and creation of job opportunities and include education and other services needed to enable youths to maintain employment at maximum capacity.

Details programs and activities which may be included in comprehensive employment wise training services.

Prescribes guidelines for allocating manpower funds based upon youth unemployment rates and family income levels.

Directs prime sponsors, in accordance with specified procedures, to certify youth apprenticeship for employers within their respective jurisdictions.

Title II: National Youth Employment and Training Services - Amends the Comprehensive Employment and Training Act of 1973 to direct the Secretary to establish a Youth Community Service Program whereby prime sponsors under such Act are to provide financial assistance to eligible applicants for the purpose of providing Youth Community Service employment to youths in jobs required to carry out approved community service projects.

Directs each prime sponsor to provide financial assistance to eligible applicants for the establishment of youth opportunity in private enterprise and youth occupational information and career guidance programs.

Directs the Secretary of labor to make payments to prime sponsors in order to make financial assistance available to local education agencies for the purpose of providing youths in secondary schools with job experience.

Authorizes the Secretary to establish a National Occupational Information and Career Guidance Service in the Department of Labor to undertake estimates of present and future occupational needs, to compile data on the numbers of people engaged in education and training, to assist States in the Preparation of individual State and area projections of occupational outlook, and to serve as the informational and statistical base required for matching career preparation with future career prospects.

Authorizes the Secretary to (1) make grants to public agencies, colleges, and nonprofit organizations for the purpose of training and retraining job counseling and placement personnel and (2) carry out a program of demonstration and evaluation projects relative to job counseling, information, and placement programs for youths.

Title III: Youth Conservation Employment - Young Adult Conservation Corps Act - Amends the Act which established the Youth Conservation Corps to direct the Secretaries of Agriculture and Interior to jointly extend the Youth Conservation Corps so as to make possible the year-round employment of young adults.

States that individuals employed as Corps members under this Act shall be either between the ages of 18 and 24 exclusively or school dropouts who are at least age 16; shall meet applicable physical standards; shall be given preference for employment if they reside in counties in which the unemployment rate was equal to or in excess of six percent for three consecutive months; and may be employed for a total of not more than 12 months.

Specifies guidelines to be followed by the Secretaries in administering this Act, including those relative to the types of jobs and projects to be given preference and the wages to be paid Corps members.

Extends the program under which grants are made to States and to assist them in meeting the cost of projects for the employment of young people to develop and maintain non-federal public lands and waters.

Authorizes the Secretaries to make grants to prime sponsors under the Comprehensive Employment and Training Act of 1973 to carry out youth conservation projects on non-federal lands.

Title IV: Youth Apprenticeship - Youth Apprenticeship Act - Allows the taxpayer a tax credit for 20 percent of the expenses paid or incurred for the education and compensation of youths in qualified youth apprenticeship programs.