TNAG-2977-FCO40-1469-Economic-policy-in-Hong-Kong-1982 — Page 139

FCO40 Hong Kong Department Records 聯邦事務部香港部檔案 All

Vacancies in:

Increase/Decrease on

1982 Q1 (number)

1981 Q4

1981 Q1

(8)

(号)

Manufacturing sector

44 100

0

-20

Finance, insurance,

3 060

35

24

real estate and business services

sector

Wholesale and retail

5 530

17

14

(including

import/export)

trades

Restaurants and

1 630

-11

6

hotels

Wages and earnings

4.13

As the effect of

and the

immigration on

rate of

the labour force

inflation eased,

gradually lessened

manufacturing wage rates began to increase in real terms.

During the six months ending March 1982, the average daily

wage rates (including fringe benefits) in the manufacturing

sector increased by 1.5% in real terms, compared with

practically no real increase during the

(4)

six

previous

of quarterly

months

But, according to the series

statistics on payroll in various sectors of the economy,

(4)

/ payroll

Index of average daily wage rates (including fringe benefits) in the manufacturing sector (July 1973 - June 1974 = 100)

% change

on

previous

% change

% change

on

on a

previous

Nominal

index

year ago

Real

index

% change

on a

year ago

1980

Mar

202

9.2

13.5

134

1.5

-2.9

Sep

214

5.9

15.7

133

-0.7

0.8

1981 Mar

231

7.9

14.4

136

2.3

1.5

Sep

249

7.8-

16.4

136

0

2.3

1982

Mar

269

8.0

16.5

138

1.5

1.5

33

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