XN000022-1989-10-13 — Page 11

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FRIDAY, OCTOBER 13, 1989

TOTAL QUARTERLY PAYROLL IN

SELECTED MAJOR SECTORS OF THE ECONOMY

2ND QTR. 1988

2ND QTR. 1989

% CHANGE*

2ND QTR. 1989

ON

2ND QTR. 1988

MANUFACTURING

CHOLESALE AND

RETAIL, IMPORT

AND EXPORT

TRADES AND

RESTAURANTS

AND HOTELS

FINANCING,

INSURANCE,

REAL ESTATE

AND BUSINESS

SERVICES

HKS MN

HKS MN

9,551

10.647

+11.5

8,028

10,012

+24.7

4.165

5,561

* BASED ON UNROUNDED PAYROLL FIGURES.

+33.5

COMPARED WITH THE SAME QUARTER A YEAR AGO, PAYROLL OUTLAYS IN THE ABOVE THREE SECTORS INCREASED BY 11.5 PER CENT, 24.7 PER CENT AND 33.5 PER CENT RESPECTIVELY IN THE SECOND QUARTER OF 1989.

LEVEL...

AFTER ADJUSTMENT FOR VARIATIONS IN TOTAL MONTHLY PAYROLL OUTLAYS IN JUNE 1988 AND JUNE 1989, ARISING FROM CHANGES IN THE 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 1988 AND JUNE 1989 ARE GIVEN IN TABLES BELOW:

THE

/SELECTED MAJOR

J

=