Through this initiative, 14 organizations will reportedly develop a range of informational products and employer toolkits to help workers and businesses adapt to current labour market challenges.
OTTAWA — On Mar. 9, Patty Hajdu, Minister of Jobs and Families and Minister responsible for the Federal Economic Development Agency for Northern Ontario, visited the NuBuild and Oakwood headquarters in Ottawa to announce an investment of up to $94.5 million over five years through the Sectoral Workforce Solutions Program (SWSP). This investment is meant to produce labour market information (LMI) across key sectors, providing the information needed to help better coordinate the supply and demand of skilled labour while supporting a stronger economy for Canada.
Through this initiative, 14 organizations will reportedly develop a range of informational products and employer toolkits to help workers and businesses adapt to current labour market challenges. Tools such as forecast reports and dashboards on topics like job vacancies by key occupations and sector-specific growth opportunities will try to offer job seekers, workers, employers, and training providers a clearer understanding of shared challenges. These coordinated efforts are meant to reduce skills shortages, improve job readiness, and support long-term growth across multiple industries.
According to the federal government in a press release, the investment is meant to support organizations in key sectors, including construction, trucking, advanced manufacturing, aerospace, tourism, forestry, agriculture, mining, energy, information and communications technology, the environment, and the bio-economy.
“Providing Sectoral Labour Market Intelligence is a key element of any economic development strategy. It forms the foundation of workforce and skills developments and provides young people, employers and job seekers with the information to pursue meaningful careers and prosperity for all Canadians. We applaud the government’s announcement to invest in this important cornerstone of its domestic economic strategy,” said Rob Henderson, President and CEO of BioTalent Canada.