CHARLOTTETOWN, June 23, 2014 /CNW/ - Scott Armstrong, Parliamentary Secretary to the Minister of Employment and Social Development, today hosted a roundtable on strengthening the Labour Market Development Agreements (LMDAs). This is one of a series of roundtables being held in cooperation with provincial and territorial governments across Canada.
As part of its plan for creating jobs, economic growth, and long-term prosperity, the Government of Canada is committed to transforming LMDAs to reorient training toward labour market demand. It is expected that the new LMDAs will better connect Canadians with available jobs by ensuring they have access to training for the skills employers need. Through the LMDAs, which are funded through the Employment Insurance (EI) program, the Government of Canada transfers over $2 billion annually to the provinces and territories to provide skills training to EI clients and employment services to all unemployed Canadians.
The roundtables give governments, employers, and other stakeholders an opportunity to discuss how to make the LMDAs more employer-driven and responsive to the needs of the labour market. The roundtables also give the Government of Canada valuable insight into local skills shortages and gaps.
- Employment grew by 1.8 percent in Prince Edward Island in 2013 from the previous year, which is the highest growth rate among the Atlantic provinces and the third highest in the country.
- According to the Government of Prince Edward Island, key economic development currently underway in the aerospace, information technology, renewable energy and biosciences sectors is expected to generate 2,000 new jobs in Prince Edward Island by 2016.
- As the single largest labour market transfer to provinces and territories, LMDAs help over 600,000 Canadians every year.
- Economic Action Plan 2014 proposes several measures to create jobs and opportunities, such as the Canada Job Grant, the Canada Apprentice Loan and supporting under-represented groups, including youth and older workers.
"Through Economic Action Plan 2014, our government continues to create jobs and pave the way for long-term prosperity by putting skills training at the forefront. The new generation of Labour Market Development Agreements will result in greater employer involvement in training to ensure that Canadians are equipped with the skills employers need now and in the future."
– Scott Armstrong, Parliamentary Secretary to the Minister of Employment and Social Development
SOURCE: Employment and Social Development Canada
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