XN000022-1989-12-14 — Page 4

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THURSDAY, DECEMBER 14, 1989

"THIS FIELD OF ACTIVITY IS NEW FOR BOTH THE VTC AND THE GOVERNMENT, AS IT WILL ALMOST CERTAINLY INVOLVE NON-CONVENTIONAL METHODS OF TRAINING.

"I AM GLAD TO KNOW THAT THE VTC IS WILLING AND ABLE TO TAKE UP THIS CHALLENGE, AND I AM CONFIDENT THAT IT WILL DO SO WITH VIGOUR AND

HE SAID.

IMAGINATION,'

UNEMPLOYMENT, UNDEREMPLOYMENT STATISTICS FOR AUG-OCT

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BOTH THE UNEMPLOYMENT RATE AND THE UNDEREMPLOYMENT REMAINED STABLE AT A LOW LEVEL DURING THE PERIOD AUGUST 1989. ACCORDING TO THE LATEST LABOUR FORCE STATISTICS (THURSDAY) BY THE CENSUS AND STATISTICS DEPARTMENT.

RATE

OCTOBER RELEASED TODAY

THESE FIGURES INDICATE THAT THE LABOUR MARKET WAS STILL TIGHT.

OCTOBER THE THREE PERIOD

THE SEASONALLY ADJUSTED UNEMPLOYMENT RATE FOR AUGUST 1989 WAS 1.4 PER CENT, COMPARED WITH 1.2 PER CENT FOR MONTHS ENDING JULY 1989 AND 1.5 PER CENT FOR THE CORRESPONDING A YEAR EARLIER.

PRECEDING PERCENTAGE POINT

THE INCREASE OF 0.2 OF A PERCENTAGE POINT OVER THE THREE-MONTH PERIOD AND THE DECREASE OF 0.1 OF A BELOW THE CORRESPONDING PERIOD A YEAR EARLIER ARE NOT SIGNIFICANT.

BOTH STATISTICALLY

1989 WAS ENDING

THE NUMBER OF UNEMPLOYED PERSONS IN AUGUST OCTOBER ESTIMATED AT 37,600, COMPARED WITH 34.100 FOR THE THREE MONTHS JULY 1989 AND 41,100 FOR THE THREE MONTHS ENDING OCTOBER 1988.

PER ENDING PERIOD OF

THE UNDEREMPLOYMENT RATE FOR AUGUST - OCTOBER 1989 WAS 0.6 CENT, WHICH WAS LOWER THAN 0.7 PER CENT FOR THE THREE MONTHS JULY 1989 BUT WAS THE SAME AS THAT FOR THE CORRESPONDING 1988.

THE DECREASE OF 0.1 OF A PERCENTAGE POINT BELOW THE PRECEDING THREE-MONTH PERIOD IS STATISTICALLY NOT SIGNIFICANT.

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THE ESTIMATED NUMBER OF UNDEREMPLOYED PERSONS FOR AUGUST OCTOBER 1989 WAS 17,800, COMPARED WITH 19,200 FOR THE ENDING JULY 1989 AND 17,000 FOR THE THREE MONTHS ENDING OCTOBER 1988.

THREE MONTHS

THE THAN MATERIAL WORKI

CONSISTENT WITH THE CURRENT RECOMMENDATIONS OF INTERNATIONAL LABOUR ORGANISATION (ILO), PERSONS WHO WORKED LESS 35 HOURS A WEEK DUE TO ECONOMIC REASONS (SUCH AS SLACK WORK, SHORTAGE, MECHANICAL BREAKDOWN AND INABILITY TO FIND FULL-TIME WERE REGARDED AS UNDEREMPLOYED ONLY IF THEY WERE EITHER AVAILABLE FOR MORE WORK.

SEEKING OR

/COMMENTING ON