Peg Report 20: A closer look at three aspects of Winnipeg's economy
On Thursday, Mayor Bowman gives his second State of the City Address. We took a look at three indicators in Peg's Economy theme to see how Winnipeg is doing: Unemployment, Retail Sales, and Businesses Per Capita. Unemployment Rate:
- Winnipeg’s unemployment rate has been lower than the national rate since the early 1990s.
- The unemployment rate shows the percentage of Canadian adults (15 years of age and over) who are not working for pay, and are therefore not in a position to earn income. It is a common measure of economic well-being, and is one of the major social determinants of health.
- More facts available at: http://www.mypeg.ca/explorer/WellBeing/Economy/UnemploymentRate/
- Over a five-year period, annual retail sales in Winnipeg increased 18% from $9.2 billion in 2009 to $10.9 billion in 2014.
- Retail sales figures track the dollar value of merchandise sold within the retail trade, and reflect consumer spending and confidence.
- More facts available at: http://www.mypeg.ca/explorer/WellBeing/Economy/RetailSales/
Businesses Per Capita:
- The number of businesses per capita is at its highest level since 2000, increasing from 52.9 businesses per 1,000 Winnipeggers in 2000 to 59.6 in 2013.
- In Canada, 70% of the total private sector labour force is employed by small businesses. Their contribution to economic development is made in several ways: converting innovative ideas into economic opportunities, revitalizing social and productive networks, and increasing productivity.
- More facts on this subject available at: http://www.mypeg.ca/explorer/WellBeing/Economy/Businesses/
Source of the Data:
- Peg’s data for the Unemployment Rate indicator provided by Statistics Canada. Data for Businesses per Canada and Retail Sales provided by Economic Development Winnipeg.
- We’d love to connect you with someone who can tell you more about Peg, the data, or who is making a difference in the community. Please contact: Sumeep Bath, Media and Communications Officer, International Institute for Sustainable Development (IISD) | (204) 958-7740 | email@example.com