XN000022-1982-01-19 — Page 8

Page &

TUESDAY, JANUARY 19, 1982

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COMPARING THE FIGURES FOR SEPTEMBER 1981 WITH THOSE FOR JUNE 1981, THE NUMBER OF REPORTED VACANCIES INCREASED IN ALL OF THE ABOVE SECTORS.

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 IN EACH OF THE ABOVE SECTORS ARE SHOWN IN THE FOLLOWING TABLE.

TOTAL QUARTERLY PAYROLL IN

SECTOR OF THE ECONOMY

MANUFACTURING

WHOLESALE AND

RETAIL, IMPORT

AND EXPORT, AND RESTAURANTS AND

HOTELS

FINANCE

INSURANCE

REAL ESTATE

AND BUSINESS

SERVICES

X CHANGE

3RD QTR.

1981 ON

3RD QTR. 1981 ON

3RD QTR. 2ND QTR. 3RD QTR.

3RD QTR.

2ND QTR.

1980

HK$ MI

1981

1981

1980

1981

HK$ MN

HK$ MN

4 074

4 654

4 770

+17.1

+2.5

2 085

2 438

2 674

+28.3

+9.7

964

1 241 1 351

+40.3

+8.9

RELATIVE TO THE PREVIOUS QUARTER AS WELL AS THE SAME QUARTER A YEAR AGO, PAYROLL OUTLAYS INCREASED IN EACH OF THE ABOVE SECTOR. THE INCREASE WAS PARTICULARLY RAPID IN THE FINANCE, INSURANCE, REAL ESTATE AND BUSINESS SERVICES SECTOR, WHICH REGISTERED INCREASES OF 8.9 PER CENT AND 40.3 PER CENT WHEN COMPARED WITH THE PREVIOUS QUARTER AND THE SAME QUARTER A YEAR AGO RESPECTIVELY.

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 BELOW!

SECTOR OF