XN000022-1988-10-15 — Page 7

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SATURDAY, OCTOBER 15, 1988

COMPARED WITH THE SAME QUARTER A YEAR AGO, PAYROLL THE ABOVE THREE SECTORS INCREASED BY 8.3 PER CENT, 19.8 PER 15 PER CENT RESPECTIVELY IN THE SECOND QUARTER OF 1988.

IN OUTLAYS

CENT AND

AFTER ADJUSTMENT FOR VARIATIONS IN TOTAL MONTHLY PAYROLL LEVEL OUTLAYS IN JUNE 1987 AND JUNE 1988, ARISING FROM CHANGES IN THE OF EMPLOYMENT, A NOMINAL

OF PAYROLL PER PERSON ENGAGED IS

OBTAINED.

INDEX

TO ALLOW FOR THE EFFECTS OF PRICE CHANGES, THE NOMINAL INDEX OF IS DEFLATED BY THE CONSUMER PRICE INDEX (A) TO GIVE THE REAL INDEX PAYROLL PER PERSON ENGAGED.

THESE TWO INDICES FOR JUNE 1987 AND JUNE 1988 ARE GIVEN IN THE TABLES BELOW:

NOMINAL INDEX OF PAYROLL PER PERSON ENGAGED

(JUNE 1980 = 100)

X CHANGE

SELECTED MAJOR

JUN. 88

SECTORS OF THE

ECONOMY

JUN. 87

JUN. 88

ON JUN. 87

MANUFACTURING

236.6

263.5

+11.4

WHOLESALE AND

AND EXPORT

RETAIL, IMPORT

TRADES AND

RESTAURANTS

AND HOTELS

231.2

252.7

+ 9.3

FINANCING,

INSURANCE,

REAL ESTATE

AND BUSINESS

SERVICES

237.8

246.7

+ 3.7

/REAL INDEX OF