XN000022-1986-04-11 — Page 14

FINANCING,

INSURANCE.

REAL ESTATE

AND BUSINESS

SERVICES

13

FRIDAY, APRIL 11, 1986

3 075

+18.1

2 604

* BASED ON UNROUNDED PAYROLL FIGURES.

COMPARED WITH THE SAME QUARTER A YEAR AGO, PAYROLL OUTLAYS IN THE ABOVE THREE SECTORS INCREASED BY 3.3 PER CENT, 13.0 PER CENT AND 18.1 PER CENT RESPECTIVELY IN THE FOURTH QUARTER OF 1985.

AFTER ADJUSTMENT FOR VARIATIONS IN TOTAL MONTHLY PAYROLL OUTLAYS IN DECEMBER 1984 AND DECEMBER 1985 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. THESE TWO INDICES FOR DECEMBER 1984 AND DECEMBER 1985 ARE GIVEN IN THE TABLES BELOW:

SELECTED MAJOR

SECTORS OF

THE ECONOMY

MANUFACTURING

NOMINAL INDEX OF

PAYROLL PER PERSON ENGAGED

(JUNE 1980 - 100)

DEC. 84

190.3

% CHANGE

DEC. 85

DEC. 85

ON DEC. 84

212.2

+11.5

WHOLESALE AND

RETAIL,

IMPORT AND

EXPORT

TRADES, AND

RESTAURANTS

AND HOTELS

215.9

229.2

+ 6.2

FINANCING,

INSURANCE

REAL ESTATE

AND BUSINESS

SERVICES

253.8

279.2

+10.0

/REAL INDEX