Mr. Speaker, I am pleased to address the questions asked by the hon. member for Madawaska—Restigouche today because it gives me the opportunity to stand in this House once again and tell Canadians about the good things that this government has done for our economy, our job market and training for workers.
I must start off by pointing out that the hon. member was in government for almost a decade and a half, most of that time in a majority situation, and his party did nothing for seasonal workers. His party did nothing but overcharge the workers with EI and misspent those dollars on boondoggles, sponsorships and scandals. It nothing for the seasonal workers.
He is now asking us to support a pilot project that his government did not implement during its 13 years in power. He does it with a tone of righteous indignation even though it was his party that ignored these same workers for 13 years. Perhaps he has forgotten, but Canadians have not.
This government is proud of its record. We are proud of the supports we provided for the working family that he speaks so passionately about. We are proud to say that this is the government which is providing ever growing opportunities for all Canadians to participate and succeed in Canada's growing economy.
The economy is booming. The Prime Minister and the Minister of Finance have created winning conditions so that more jobs, better wages, and a brighter future can be delivered to all Canadians.
Under the leadership of this government, the unemployment rate is the lowest it has been in more than 30 years, hitting 5.8% in October. Employment rates are at record highs and thousands of jobs are being created every day across this country. In fact, 500,000 new jobs have been created since this government was elected almost two years ago, more than 200,000 new jobs this year alone.
There is no better evidence of our robust labour market than the remarkable decrease in the number of long term unemployed. Ten years ago, under his previous Liberal government, 13.5% of all unemployed people remained unemployed for more than a year.
Today, under the leadership of this government, that figure stands at a low of 4.4%. We have made it clear our intention to consider improvements to EI financing since we formed the government. The Speech from the Throne confirms that we will now be taking measures to improve the governance and management of the EI account.
There are currently an array of 19 EI bills at some stage of the legislative process. They total well over $11 billion in new annual spending which would bankrupt the employment insurance program. The Liberals are supporting all of them. That is the Liberal approach to EI reform.
Bankrupting the EI program at the request of the Liberal Party will not be our approach to employment insurance reform.