XN000022-1989-11-14 — Page 6

5

-

TUESDAY, NOVEMBER 14, 1989

MRS CHAN POINTED OUT THAT IN

MANAGING OUR AFFAIRS OVER THE

NEXT DECADE IT WOULD BE ESSENTIAL NOT TO DEVIATE FROM THAT HAVE SERVED US SO WELL IN THE PAST.

-

EXCEPT WHERE INFRASTRUCTURE,

THOSE

POLICIES

OF FREE "IN ESSENCE THIS MEANT: REMAINING A STAUNCH SUPPORTER

GOVERNMENT IN THE TRADE AND FREE ENTERPRISE. NONINTERFERENCE BY THE

A NECESSARY, MAINTAINING PRIVATE SECTOR

ABSOLUTELY MAINTAINING LOW CORPORATE AND INCOME FIRST CLASS

THE PROGRAMME RECENTLY ANNOUNCED TO EXPAND TAXES, AND SUSTAINING

CAUSED, NOT ONLY EDUCATION AT THE TERTIARY LEVEL TO MEET THE DEMAND BY EMIGRATION, BUT BY THE CHANGING STRUCTURE OF OUR ECONOMY THE SERVICE SECTOR IS GAINING PROMINENCE," SHE SAID.

IN WHICH

UNEMPLOYMENT. UNDEREMPLOYMENT STATISTICS FOR JULY

SEPT

THE UNEMPLOYMENT RATE UNDEREMPLOYMENT SEPTEMBER 1989.

DECLINED RATE

REMAINED AT A LOW LEVEL.

FURTHER DURING THE PERIOD JULY

WHILE

THE

―

BY

THE LATEST LABOUR FORCE STATISTICS RELEASED TODAY TUESDAY)

THE TIGHT LABOUR THE CENSUS AND STATISTICS DEPARTMENT INDICATE THAT MARKET SITUATION CONTINUED.

SEPTEMBER FOR APRIL - JUNE CORRESPONDING PERIOD A

THE SEASONALLY ADJUSTED UNEMPLOYMENT RATE FOR JULY - 1989 WAS 1.4 PER CENT, WHICH WAS THE SAME AS THAT 1989 BUT WAS LOWER THAN 1.6 PER CENT FOR THE YEAR EARLIER,

-ד

THE

0.2 OF A

BELOW

THE

OF DECREASE

POINT PERCENTAGE 'CORRESPONDING PERIOD A YEAR EARLIER IS STATISTICALLY SIGNIFICANT.

SEPTEMBER 1989 WAS THE NUMBER OF UNEMPLOYED PERSONS IN JULY

ENDING ESTIMATED AT 37,500, COMPARED WITH 38,600 FOR THE THREE MONTHS JUNE 1989 AND 13,800 FOR THE THREE MONTHS ENDING SEPTEMBER 1988.

PER THE UNDEREMPLOYMENT RATE FOR JULY SEPTEMBER 1989 WAS 0.6

THREE MONTHS ENDING CENT, WHICH WAS LOWER THAN 0.8 PER CENT FOR THE

THE CORRESPONDING PERIOD OF JUNE 1989 BUT WAS THE SAME AS THAT FOR 1988.

THE DECREASE OF 0.2 OF A PERCENTAGE POINT BELOW THREE-MONTH PERIOD IS STATISTICALLY SIGNIFICANT.

THE ESTIMATED

NUMBER

OF

UNDEREMPLOYED PERSONS SEPTEMBER 1989 WAS 17,400, COMPARED WITH 22,800 FOR THE

THE THREE MONTHS ENDING JUNE 1989 AND 15,400 FOR

THE PRECEDING

FOR JULY THREE MONTHS

ENDING SEPTEMBER

1988.

/CONSISTENT WITH