[Canada] Government to spend millions improving jobs data in key industries

On March 9, the Canadian government announced plans to spend up to $94.5 million over the next five years to get a clearer understanding of its turbulent labour market, Advisor.ca reports.

Fourteen organisations will be tasked with creating forecasts and dashboards on data points such as job vacancies broken down by key sectors.

The initiative is reportedly intended to help the nation’s workers, employers and job seekers understand the gaps and opportunities.

Federal Jobs Minister Patty Hajdu announced the funding. It is expected to support industries directly impacted by US tariffs, including manufacturing and forestry, plus sectors such as construction, trucking, mining and aerospace.

In a media release, the federal government stated that it is targeting industries which represent nearly two-thirds of Canada’s gross domestic product and employ 9.9 million people, 47 per cent of the country’s workforce.

Dramatic job losses have hit tariff-sensitive industries, such as manufacturing, in the past 12 months, while other sectors have reportedly continued to add jobs or retain employees through the turmoil. 

In January, the unemployment rate was 6.5 per cent, in part due to slower labour force growth.

In its press release, the government said that gaining better information about the labour market will be critical to efforts to adapt to tariffs, build out major projects and support home construction.

Source: Advisor.ca

On March 9, the Canadian government announced plans to spend up to $94.5 million over the next five years to get a clearer understanding of its turbulent labour market, Advisor.ca reports.

Fourteen organisations will be tasked with creating forecasts and dashboards on data points such as job vacancies broken down by key sectors.

The initiative is reportedly intended to help the nation’s workers, employers and job seekers understand the gaps and opportunities.

Federal Jobs Minister Patty Hajdu announced the funding. It is expected to support industries directly impacted by US tariffs, including manufacturing and forestry, plus sectors such as construction, trucking, mining and aerospace.

In a media release, the federal government stated that it is targeting industries which represent nearly two-thirds of Canada’s gross domestic product and employ 9.9 million people, 47 per cent of the country’s workforce.

Dramatic job losses have hit tariff-sensitive industries, such as manufacturing, in the past 12 months, while other sectors have reportedly continued to add jobs or retain employees through the turmoil. 

In January, the unemployment rate was 6.5 per cent, in part due to slower labour force growth.

In its press release, the government said that gaining better information about the labour market will be critical to efforts to adapt to tariffs, build out major projects and support home construction.

Source: Advisor.ca