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OTTAWA \u2014 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
\u00a92025 The Canadian Press<\/strong><\/p>\n<\/p><\/div>\n