The Jobs Now Act of 2024 establishes a two-year federal pilot program to award competitive grants to local governments and community-based organizations for job creation and workforce training in public service roles. At least 50 percent of grant funds must be used to retain current employees who would otherwise face layoffs due to budget cuts, while remaining funds can support new job creation or worker training. The bill prioritizes grants to areas with high unemployment, foreclosure, and poverty rates, and encourages hiring of veterans, individuals with disabilities, unemployed workers, and displaced workers. The legislation authorizes $1 billion in total funding for fiscal years 2025 and 2026, and requires the Department of Labor to report to Congress within two years on hiring and retention outcomes and best practices from the program.