CHAPTER 4: THE LABOUR SECTOR
General developments
4.1
domestic
export
During the first half of 1983,
performance strengthened (paragraph 2.1), and there were increasing indications of a revival in manufacturing activity (paragraphs 5.1 and 5.3). The underlying economic situation
has obviously been improving, particularly in the second quarter. Reflecting this, both the unemployment rate and the
underemployment rate fell in the second quarter of this year.
4.2
Comparing March 1983 with March 1982, employment in
the manufacturing sector and on building and
construction
sites declined, while employment in the tertiary services
sectors continued to increase. Nevertheless, manufacturing
employment remained stable during the first quarter of this
year, and there are signs of an increase during the second
quarter (paragraph 4.10).
4.3
Although manufacturing wage rates and construction
wage rates increased in money terms during the twelve months
ending March 1983, they decreased in real terms (paragraphs 4.14 and 4.16). Salaries in the tertiary services sectors, in
terms of payroll per person engaged, rose in both money terms
and real terms over the same period (paragraph 4.15).
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/Unemployment
;