Hiring displaced workers tops DOL's workforce agenda: pension protection and safety in FY 2004 budget. (Labor Department Update).(United States Department of Labor)(fiscal year 2004)

U.S. Department of Labor (DOL) Secretary Elaine Chao released details of her department's fiscal year (FY) 2004 budget, which would set aside $2 billion to help displaced workers find jobs and another $9.2 billion for job training.

This pledge of financial help and other resources from the federal government could be good news for employers, especially small businesses that have trouble hiring, training, and retaining entry-level workers.

"The 2004 budget reflects the Administration's commitment to aggressively support and protect America's workers," said Chao. "We want to direct resources to help more people find jobs, ensure health and retirement benefits, …