Chart 10
2500
2000
1500
1000
500
THE ECONOMY
Employment by broad economic sector
Number ('000)
Number ('000)
100
Service sectors as a whole (left scale)
90
80
Building and construction sites
(right scale)
70
Manufacturing sector (left scale)
Mar Jun Sep Dec Mar Jun Sep Dec Mar Jun Sep Dec Mar Jun Sep Dec Mar Jun Sep Dec Mar Jun Sep
1992
1993
1994
1995
1996
1997
The structural shift in employment from manufacturing to services continued in 1997. Employment at construction sites rose sharply, along with hectic building activity at private sector sites.
60
50
40
In the first three quarters of 1997 taken together, earnings in all of the major sectors surveyed showed considerable increases in money terms, and in some sectors, also notably in real terms over a year earlier, reflecting the tighter labour market conditions for most of the year. Wages in most major sectors surveyed also accelerated in growth. However, the increases in earnings and wages could have turned more moderate towards the year's end as the labour market tended to ease.
Chart 11
Per cent
Earnings by broad economic sector (year-on-year growth rate in real terms)
15.0
10.0
5.0
0
-5.0
Service sectors
as a whole
Manufacturing sector
54
-10.0
Mar Jun Sep DecMar Jun Sep DecMar Jun Sep Dec Q1 Q2 Q3 Q4 QI Q2 Q3 Q4 Q1 Q2 Q3
1992
1993
1994 | 1995
1996
1997 Earnings in both the manufacturing and the services sector continued to rise in real terms in 1997.