WEDNESDAY, JANUARY 12, 1983
COMPARING THE FIGURES FOR SEPTEMBER 1982 WITH THOSE FOR THE SAME PERIOD IN 1981, THE NUMBER OF REPORTED VACANCIES DECREASED IN ALL OF THE ABOVE THREE SECTORS. THE DECREASES IN THE MANUFACTURING SECTOR, THE WHOLESALE AND RETAIL, IMPORT AND EXPORT, AND RESTAURANTS AND HOTELS SECTOR, AND THE FINANCE, INSURANCE, REAL ESTATE AND BUSINESS SERVICES SECTOR WERE 37.6 PER CENT, 31.1 PER CENT AND 25.3 PER CENT RESPECTIVELY.
COMPARING THE FIGURES FOR SEPTEMBER 1982 WITH THOSE FOR JUNE 1982, A SEASONAL INCREASE OF 10.8 PER CENT IN THE NUMBER OF REPORTED VACANCIES WAS REGISTERED IN THE MANUFACTURING SECTOR. OVER THE SAME PERIOD, THE NUMBER OF REPORTED VACANCIES IN THE WHOLESALE AND RETAIL, IMPORT AND EXPORT, AND RESTAURANTS AND HOTELS SECTOR AND THE FINANCE, INSURANCE, REAL ESTATE AND BUSINESS SERVICES SECTOR DECREASED BY 13.5 PER CENT AND 13.5 PER CENT RESPECTIVELY.
ALSO AVAILABLE FROM THE SURVEY 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, INSURANCE, REAL ESTATE AND BUSINESS SERVICES SECTOR. QUARTERLY TOTALS FOR EACH OF THESE SECTORS ARE SHOWN IN THE FOLLOWING TABLE.
TOTAL QUARTERLY PAYROLL IN
3RD QTR.
PERCENTAGE CHANGE
SELECTED MAJOR
SECTORS OF
THE ECONOMY
1981
3RD QTR.
1982
3RD QTR. 1982
ON
3RD QTR. 1981
HK$ MN
HK$ MN
MANUFACTURING
4 770
5 210
+ 9.2
WHOLESALE AND
2 674
3 138
+17.3
RETAIL, IMPORT
AND EXPORT, AND
RESTAURANTS
AND HOTELS
FINANCE INSURANCE,
1 351
1 775
+31.3
REAL ESTATE AND
BUSINESS SERVICES
RELATIVE TO THE SAME QUARTER A YEAR AGO, PAYROLL OUTLAYS IN THE ABOVE THREE SECTORS INCREASED BY 9.2 PER CENT. 17.3 PER CENT AND 31.3 PER CENT RESPECTIVELY. THE INCREASE IN THE FINANCE, INSURANCE, REAL ESTATE AND BUSINESS SERVICES SECTOR, AT 31.3 PER CENT, WAS PARTICULARLY RAPID. SUCH A SUBSTANTIAL INCREASE WAS IN PART DUE TO A RAPID INCREASE IN EMPLOYMENT,
BY ADJUSTING 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 ALLOW FOR THE EFFECTS OF PRICE CHANGES, THE NOMINAL INDEX IS DEFLATED 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 TABLE BELOW:
NOMINAL INDEX