HALIFAX, May 23, 2014 /CNW/ - Scott Armstrong, Parliamentary Secretary to the Minister of Employment and Social Development, today hosted two roundtables on how to strengthen the Labour Market Development Agreements (LMDAs). These were part of a series of roundtables being held across Canada in cooperation with provincial and territorial governments.
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. LMDAs are funded through the Employment Insurance (EI) program. The Government of Canada transfers over $2 billion annually to the provinces and territories through the LMDAs 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.
- Nova Scotia's Fiscal Update Forecast (December 2013) reports that gross domestic product growth is expected to increase by 2 percent in 2014 due to major projects such as the Halifax Convention Centre and Encana's Deep Panuke Offshore Gas Project.
- 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: Canada's Economic Action Plan
For further information:
Office of the Minister
Media Relations Office
Employment and Social Development Canada