2012-2015 Three-Year Action Plan
 
 
 
 
 
 

ECONOMIC OPPORTUNITIES


In 2011, the total population in Peel region increased to 1.3 million persons. 40.5% of the workforce is employed in manufacturing, retail trade, transportation and warehousing, or wholesale trade. According to the Peel Data Centre, Peel's business sector showed a decline in June 2009 but has bounced back since then; however, Peel's unemployment rate remained elevated at 8.5%. In addition, Peel's youth unemployment rate remained elevated at 16%. Certain segments of the population experience higher rates of poverty. For example, in 2006, 33% of new immigrants, 9% of working families and 20% of racialized people lived below the Low Income Cut-Off.



Objective:

A stronger regional economy that provides adequate wages and progressive employment opportunities for Peel residents.



Outcomes:

  • Increased employment opportunities for people at risk of or living in poverty.
  • Increased and adequate training opportunities for people at risk of or living in poverty.


Actions:

  • Increase awareness about the impact of unstable poorly paid (precarious) employment on Peel residents and the community.
  • Annually recognize a Peel based company (small business and corporation) that is a champion for social issues and has illustrated a commitment to its employees, residents and community.


Provincial Indicators:

  • Low Income Measure (LIM)
  • Depth of poverty
  • High school graduation rates


Peel Population Indicators:

  • Families in Peel living below LIM (after tax). Unemployment rates for population 15 years and over in Peel.
  • Individuals in Peel living below LICO.
  • Families living below the Low-Income Cut-off (LICO).