6 -
SATURDAY, OCTOBER 15, 1988
COMPARED WITH THE SAME QUARTER A YEAR AGO, PAYROLL THE ABOVE THREE SECTORS INCREASED BY 8.3 PER CENT, 19.8 PER 15 PER CENT RESPECTIVELY IN THE SECOND QUARTER OF 1988.
IN OUTLAYS
CENT AND
AFTER ADJUSTMENT FOR VARIATIONS IN TOTAL MONTHLY PAYROLL LEVEL OUTLAYS IN JUNE 1987 AND JUNE 1988, ARISING FROM CHANGES IN THE OF EMPLOYMENT, A NOMINAL
OF PAYROLL PER PERSON ENGAGED IS
OBTAINED.
INDEX
TO ALLOW FOR THE EFFECTS OF PRICE CHANGES, THE NOMINAL INDEX OF IS DEFLATED BY THE CONSUMER PRICE INDEX (A) TO GIVE THE REAL INDEX PAYROLL PER PERSON ENGAGED.
THESE TWO INDICES FOR JUNE 1987 AND JUNE 1988 ARE GIVEN IN THE TABLES BELOW:
NOMINAL INDEX OF PAYROLL PER PERSON ENGAGED
(JUNE 1980 = 100)
X CHANGE
SELECTED MAJOR
JUN. 88
SECTORS OF THE
ECONOMY
JUN. 87
JUN. 88
ON JUN. 87
MANUFACTURING
236.6
263.5
+11.4
WHOLESALE AND
AND EXPORT
RETAIL, IMPORT
TRADES AND
RESTAURANTS
AND HOTELS
231.2
252.7
+ 9.3
FINANCING,
INSURANCE,
REAL ESTATE
AND BUSINESS
SERVICES
237.8
246.7
+ 3.7
/REAL INDEX OF