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THURSDAY, JULY 15, 1993

EMPLOYMENT, VACANCIES AND PAYROLL FIGURES FOR MARCH

THERE WAS CONTINUED GROWTH IN EMPLOYMENT IN THE WHOLESALE. RETAIL AND IMPORT/EXPORT TRADES, RESTAURANTS AND HOTELS SECTOR AND THE FINANCING, INSURANCE, REAL ESTATE AND BUSINESS SERVICES SECTOR IN MARCH OVER A YEAR EARLIER.

MEANWHILE EMPLOYMENT IN THE CONSTRUCTION SITES DECLINED FURTHER.

MANUFACTURING SECTOR AND

ON

THE

THE FALL IN MANUFACTURING EMPLOYMENT MAINLY REFLECTED CONTINUING STRUCTURAL CHANGE IN THE ECONOMY, IN CONNECTION WITH THE RELOCATION OF INDUSTRIAL PROCESSES TO CHINA.

VACANCIES IN MOST OF THE SERVICES SECTORS RECORDED INCREASES OF VARTOUS MAGNITUDES IN MARCH 1993 OVER A YEAR EARLIER. ON THE OTHER HAND, VACANCIES IN THE MANUFACTURING SECTOR AND ON CONSTRUCTION SITES FELL FURTHER.

IN THE MONTH, EARNINGS OF PERSONS ENGAGED CONTINUED TO SHOW FURTHER INCREASES IN MONEY TERMS OVER A YEAR EARLIER IN ALL MAJOR SECTORS. AFTER ADJUSTING FOR INFLATION, THERE WAS STILL AN INCREASE IN REAL TERMS OF EARNINGS OF PERSONS ENGAGED FOR MOST SECTORS.

THESE ARE FINDINGS OF SURVEYS CONDUCTED BY THE CENSUS AND STATISTICS DEPARTMENT.

THERE WERE 531,900 PERSONS ENGAGED IN THE MANUFACTURING SECTOR IN MARCH 1993, REPRESENTING A DECREASE OF 12.1% FROM MARCH 1992.

EMPLOYMENT IN THE WHOLESALE, RETAIL AND IMPORT/EXPORT TRADES, RESTAURANTS AND HOTELS SECTOR, AT 911,300 IN MARCH 1993, WAS 5.6% HIGHER THAN IN MARCH 1992.

EMPLOYMENT IN THE FINANCING, INSURANCE, REAL ESTATE AND BUSINESS SERVICES SECTOR, AT 313,900, WAS UP BY 3.4%.

EMPLOYMENT ON

CONSTRUCTION SITES, AT 60,000, WAS 3.3% LOWER

THAN IN MARCH 1992.

THE EMPLOYMENT FIGURES FOR MARCH 1993 IN SELECTED MAJOR ECONOMIC SECTORS, WITH COMPARISON WITH THE CORRESPONDING FIGURES FOR MARCH 1992 AND DECEMBER 1992, ARE:

/PERSONS ENGAGED

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