11
WEDNESDAY, APRIL 10, 1985
COMPARED WITH THE SAME QUARTER A YEAR AGO. PAYROLL OUTLAYS IN THE ABOVE THREE SECTORS INCREASED BY 19.0 PER CENT, 22.0 PER CENT AND 14.9 PER CENT RESPECTIVELY IN THE FOURTH QUARTER OF 1984.
AFTER ADJUSTMENT 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 TABLES BELOW:
NOMINAL INDEX OF
PAYROLL PER PERSON ENGAGED
(JUNE 1980 - 100)
% CHANGE
SELECTED MAJOR
SECTORS OF THE
ECONOMY
DEC. 83
DEC. 84
DEC. 84
ON DEC. 83
MANUFACTURING
171.9
190.3
+10.7
WHOLESALE AND RETAIL,
190.0
215.9
+13.6
IMPORT AND EXPORT
TRADES, AND RESTAURANTS
AND HOTELS
FINANCING INSURANCE,
231.2
253.8
+ 9.8
REAL ESTATE AND
BUSINESS SERVICES
REAL INDEX OF
PAYROLL PER PERSON ENGAGED
(JUNE 1980 = 100)
% CHANGE
SELECTED MAJOR
SECTORS OF
THE ECONOMY
DEC. 83 DEC. 84
DEC. 84
ON DEC. 83
MANUFACTURING
116.3
123.0
+ 5.8
WHOLESALE AND RETAIL,
128.6
139.6
+ 8.6
IMPORT AND EXPORT
TRADES, AND RESTAURANTS
AND HOTELS
FINANCING, INSURANCE,
156.4
164.1
+ 4.9
REAL ESTATE AND
BUSINESS SERVICES
BETWEEN DECEMBER
1