MONDAY, JULY 17, 1989
WAGE INDEXES FOR MARCH 1989
* * * * *
NOMINAL WAGE INDEX FOR MARCH 1989, AT 176.7, PER CENT WHEN COMPARED WITH MARCH 1988 AND BY COMPARED WITH DECEMBER 1988, ACCORDING TO TODAY (MONDAY) BY THE CENSUS AND STATISTICS
THE OVERALL INCREASED BY 12.6 6.1 PER CENT WHEN STATISTICS PUBLISHED DEPARTMENT.
A COMPARISON
OF THE MARCH 1989 AND MARCH 1988 INDEXES SHOWS THAT THE NOMINAL WAGE INDEX FOR THE MANUFACTURING SECTOR INCREASED BY 10.8 PER CENT; FOR THE WHOLESALE/RETAIL, IMPORT/EXPORT TRADES AND RESTAURANTS AND HOTELS SECTOR BY 15.3 PER CENT; FOR THE TRANSPORT SERVICES SECTOR BY 12.4 PER CENT; FOR THE BUSINESS SERVICES SECTOR BY 19.9 PER CENT; AND FOR THE PERSONAL SERVICES SECTOR BY 25.4 PER CENT.
A COMPARISON OF THE MARCH 1989 AND DECEMBER 1988 INDEXES SHOWS THAT THE NOMINAL WAGE INDEX FOR THE MANUFACTURING SECTOR INCREASED BY 5.8 PER CENT; FOR THE WHOLESALE/RETAIL, IMPORT/EXPORT TRADES AND RESTAURANTS AND HOTELS SECTOR BY 6.3 PER CENT; FOR THE TRANSPORT SERVICES SECTOR BY 5.0 PER CENT; FOR THE BUSINESS SERVICES SECTOR BY 8.8 PER CENT; AND FOR THE PERSONAL SERVICES SECTOR BY 9.0 PER CENT.
1.
THE NOMINAL WAGE INDEXES FOR THE FERIOD MARCH 1988 то MARCH 1989 FOR SELECTED MAJOR
GIVEN ECONOMIC SECTORS ARE
IN TABLE DETAILED BREAKDOWNS FOR THE MANUFACTURING SECTOR ARE GIVEN IN TABLE 2.
THE OVERALL REAL WAGE INDEX, AT 112.5 IN MARCH 1989, WAS 2.8 PER CENT HIGHER THAN THAT IN MARCH 1988 AND 2.9 PER CENT HIGHER THAN THAT IN DECEMBER 1988.
THE
REAL WAGE INDEXES FOR THE PERIOD MARCH 1988 TO MARCH FOR SELECTED MAJOR ECONOMIC SECTORS ARE GIVEN IN TABLE 3.
1989
THESE NOMINAL AND REAL WAGE INDEXES ARE DERIVED FROM THE SURVEY OF WAGES, SALARIES AND EMPLOYEE BENEFITS CONDUCTED EACH QUARTER BY THE CENSUS AND STATISTICS DEPARTMENT.
THIS COVERS BOTH MANUAL AND NON-MANUAL WORKERS (EXCLUDING WORKERS AT THE ADMINISTRATIVE AND PROFESSIONAL LEVELS) IN SELECTED INDUSTRIES IN THE MANUFACTURING SECTOR, THE WHOLESALE/RETAIL,
TRANSPORT IMPORT/EXPORT TRADES AND RESTAURANTS AND HOTELS SECTOR, THE SERVICES SECTOR, THE BUSINESS SERVICES SECTOR AND THE PERSONAL SERVICES SECTOR.
SUCH
BY
HOLDING
THE
INDEXES MEASURE CHANGES IN WAGE RATES STRUCTURAL PATTERN OF THE LABOUR FORCE WITH RESPECT TO INDUSTRY, OCCUPATION, SEX AND MODE OF PAYMENT THE SAME AS THAT OF MARCH 1982, WHICH IS THE BASE PERIOD OF THE WAGE INDEXES.
MONEY
NOMINAL
WHILE THE NOMINAL WAGE INDEX MEASURES CHANGES IN WAGE RATES TERMS, THE REAL WAGE INDEX, WHICH IS OBTAINED BY DEFLATING THE
WAGE INDEX BY THE CONSUMER PRICE INDEX (A), MEASURES IN THE PURCHASING POWER OF THE WAGES RECEIVED.
IN
CHANGES
/A SPOKESMAN