THURSDAY, JULY 8, 1982
19
COMPARISON OF THE FIGURES FOR MARCH 1982 WITH THOSE FOR LECEMBEP 1981 SHOWED INCREASES OF 9.4 PER CENT AND 35.2 PER CENT IN THE NUMBER OF REPORTED VACANCIES IN THE WHOLESALE AND RETAIL,
MPORT AND EXPORT, AND RESTAURANTS AND HOTELS SECTOR,
AND THE - INANCE, INSURANCE, REAL ESTATE AND BUSINESS SERVICES SECTOR RESPECTIVELY. HOWEVER, THE INCREASE IN THE NUMBER OF REPORTED VACANCIES IN THE FINANCE, INSURANCE, REAL ESTATE. AND BUSINESS SERVICES SECTOR WAS RELATIVELY SMALL IN ABSOLUTE TERMS. OVER THE SAME PERIOD, THE CHANGE IN THE NUMBER OF REPORTED VACANCIES IN THE MANUFACTURING SECTOR WAS INSIGNIFICANT.
ALSO AVAILABLE FROM THE SURVEY OF EMPLOYMENT, VACANCIES AND PAYROLL ARE STATISTICS ON MONTHLY PAYROLL OUTLAYS IN THE MANUFACTURING SECTOR, THE WHOLESALE AND RETAIL, IMPORT AND EXPORT, AND RESTAURANTS AND HOTELS SECTOR, AND THE FINANCE, REAL ESTATE AND BUSINESS SERVICES SECTOR.
QUARTERLY TOTALS FOR EACH OF THESE SECTORS ARE SHOWN IN THE FOLLOWING TABLE :
SECTOR OF
THE ECONOMY
MANUFACTURING
WHOLESALE AND
TOTAL QUARTERLY PAYROLL IN
PERCENTAGE CHANGE
1ST QTR.
1981
HK$ MN
1ST QTR.
1982
HK$ MN
1ST. QTR. 1982 ON 1ST QTR. 1981
4 705
5 531
+ 17.6
RETAIL. IMPORT
AND EXPORT AND
RESTAURANTS AND HOTELS
2 847
3 525
+ 23.8
FINANCE, INSURANCE,
REAL ESTATE AND
BUSINESS SERVICES
1 282
1 861
+ 45.2
RELATIVE TO THE SAME QUARTER A YEAR AGO, PAYROLL OUTLAYS INCREASED IN EACH OF THE ABOVE SECTORS RANGING FROM 17.6 PER CENT TO 45.2 PER CENT. THE INCREASE WAS PARTICULARLY RAPID IN THE FINANCE, INSURANCE, REAL ESTATE AND BUSINESS SERVICES SECTOR WHICH REGISTERED AN INCREASE OF 45.2 PER CENT. SUCH A SUBSTANTIAL
INCREASE WAS DUE IN PART TO A RAPID INCREASE IN EMPLOYMENT.
TO ADJUST FOR VARIATIONS IN TOTAL PAYROLL OUTLAYS ARISING FROM CHANGES IN THE LEVEL OF EMPLOYMENT, A NOMINAL INDEX OF PAYROLL PER PERSON ENGAGED IS OBTAINED. TO FURTHER ALLOW FOR DIFFERENCES IN PURCHASING POWER, THE NOMINAL INDEX IS ADJUSTED BY THE CONSUMER PRICE INDEX (A) TO GIVE THE REAL INDEX OF PAYROLL PER PERSON ENGAGED. VALUES OF THESE TWO INDICES ARE GIVEN IN THE TABLES SELOW :
/ SECTOR OF
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