XN000022-1987-10-12 — Page 5

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MONDAY, OCTOBER 12, 1987

COMPARED WITH THE SAME QUARTER A YEAR AGO, PAYROLL OUTLAYS IN THE ABOVE THREE SECTORS INCREASED BY 14.0 PER CENT, 16.5 PER CENT AND 20.9 PER CENT RESPECTIVELY IN THE SECOND QUARTER OF 1987.

AFTER ADJUSTMENT FOR VARIATIONS IN TOTAL MONTHLY PAYROLL OUTLAYS IN JUNE 1986 AND JUNE 1987, 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 JUNE 1986 AND JUNE 1987 ARE GIVEN IN THE TABLES BELOW:

NOMINAL INDEX OF

PAYROLL PER PERSON ENGAGED

(JUNE 1980 = 100)

X CHANGE

SELECTED MAJOR SECTORS OF THE

ECONOMY

JUN. 86

JUN. 87

JUN. 87

ON JUN. 86

MANUFACTURING

208.5

236.6

+13.5

WHOLESALE AND

RETAIL, IMPORT

AND EXPORT

TRADES AND

RESTAURANTS

AND HOTELS

209.5

231.2

+10.4

FINANCING,

INSURANCE,

REAL ESTATE

AND BUSINESS

SERVICES

210.8

237.8

+12.8

/REAL INDE