XN000022-1987-04-12 — Page 5

4

SUNDAY, APRIL 12, 1987

FINANCING, INSURANCE REAL ESTATE

AND BUSINESS SERVICES

3 075

3 679

+19.6

* BASED ON UNROUNDED PAYROLL FIGURES.

COMPARED WITH THE SAME QUARTER A YEAR AGO, PAYROLL OUTLAYS IN THE ABOVE THREE SECTORS INCREASED BY 14.7 PER CENT, 16.2 PER CENT AND 19.6 PER CENT RESPECTIVELY IN THE FOURTH QUARTER OF 1986.

AFTER ADJUSTMENT FOR VARIATIONS IN TOTAL MONTHLY PAYROLL OUTLAYS IN DECEMBER 1985 AND DECEMBER 1986, 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 1985 AND DECEMBER 1986 ARE GIVEN IN THE TABLES BELOW:

NOMINAL INDEX OF

PAYROLL PER PERSON ENGAGED

(JUNE 1980 = 100)

% CHANGE

SELECTED MAJOR

SECTORS OF THE

ECONOMY

DEC. 85

DEC. 86

DEC. 86

ON DEC. 85

MANUFACTURING

212.2

242.4

+14.2

WHOLESALE AND

229.2

264.9

+15.6

RETAIL. IMPORT

AND EXPORT

TRADES AND

AND HOTELS

RESTAURANTS

FINANCING,

INSURANCE

REAL ESTATE AND BUSINESS

SERVICES

279.3

305.8

+ 9.5

/REAL INDEX .................