MONDAY, APRIL 5, 1982
3
THE FIGURES FOR DECEMBER 1981 COMPARED WITH THOSE FOR SEPTEMBER 1981, SHOWED DECREASES OF 7.9 PER CENT AND 0.5 PER CENT IN THE NUMBER OF REPORTED VACANCIES IN THE MANUFACTURING SECTOR AND THE WHOLESALE AND RETAIL, IMPORT AND EXPORT, AND RESTAURANTS AND HOTELS SECTOR.
TRAV
ON THE OTHER HAND A MINOR INCREASE OF 1.2 PER CENT WAS OBSERVED IN THE FINANCE, INSURANCE, REAL ESTATE AND BUSINESS SERVICES SECTOR.
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 FOR EACH OF THESE 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
* CHANGE
4TH QTR.81
1981
4TH QTR. 3RD QTR. 4TH QTR.
1980
HK$ MN
1981
ON 4TH QTR.80
4TH QTR.81
ON 3RD QTR.81
HK$ MN
HK$ MN
4 228
4 770
5 076
+20.1
+ 6.4
2 339
2 674
2 981
+27.4
+11.5
AND BUSINESS SERVICES
1 211
1 351 1 671
+38.0
+23.7
RELATIVE TO THE PREVIOUS QUARTER AS WELL AS THE SAME QUARTER A YEAR AGO, PAYROLL OUTLAYS INCREASED IN EACH OF THE ABOVE SECTORS. THE INCREASE WAS PARTICULARLY RAPID IN THE FINANCE, INSURANCE, REAL ESTATE AND BUSINESS SERVICES SECTOR, WHICH REGISTERED INCREASES OF 23.7 PER CENT AND 38.0 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:
/NOMINAL INDEX OF
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