The federal government said Monday it\u2019s planning to spend up to $94.5 million over the next five years to get a better sense of what\u2019s happening on the ground in a turbulent labour market.<\/p>\n
The money will go to 14 organizations to create forecasts and dashboards on data points like job vacancies broken down by key sectors.<\/p>\n
The initiative is meant to give workers, employers and job seekers a better sense of the gaps and opportunities in each industry.<\/p>\n
Federal Jobs Minister Patty Hajdu announced the funding at an Ottawa-area homebuilder on Monday.<\/p>\n
The funding is expected to support industries hit directly by U.S. tariffs such as manufacturing and forestry, as well as sectors like construction, trucking, mining and aerospace.<\/p>\n
The federal government said in a media release it\u2019s targeting industries that represent nearly two-thirds of Canada\u2019s gross domestic product and employ 9.9 million people \u2014 47 per cent of the country\u2019s workforce.<\/p>\n
Tariff-sensitive industries, such as manufacturing, have faced steep job losses over the past 12 months.<\/p>\n
Other sectors have continued to add jobs or retain employees through the turmoil. The unemployment rate in January stood at 6.5 per cent \u2014 a tick lower than a year earlier, in part due to slower growth in the labour force.<\/p>\n
Ottawa said in its release that getting better information about the labour market is critical to efforts to adapt to tariffs, build out major projects and support home construction.<\/p>\n","protected":false},"excerpt":{"rendered":"The federal government said Monday it\u2019s planning to spend up to $94.5 million over the next five years…\n","protected":false},"author":2,"featured_media":524841,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[194295],"tags":[49,48,20739],"class_list":["post-524840","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ottawa","tag-ca","tag-canada","tag-ottawa"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/524840","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=524840"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/524840\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/524841"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=524840"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=524840"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=524840"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}