Creating Pathways for Youth Employment Act This bill amends the Workforce Innovation and Opportunity Act to authorize the Department of Labor to make available the following amounts for youth employment programs: up to $1.5 billion to provide youth ages 14-24 with subsidized summer employment opportunities, and up to $2 billion to provide them with subsidized year-round employment opportunities. Labor must award, on a competitive basis: one-year planning and three-year implementation grants out of the subsidized summer employment opportunities funding, and similar grants out of the subsidized year-round employment opportunities funding. To be eligible to receive these grants, an entity must be a state, local government, Indian tribe or tribal organization, or community-based organization that meets certain partnership requirements of this bill. Labor shall establish performance measures to carry out annual reviews of each grant recipient.