}
Wages and earnings
4.10
As the influence of immigration subsided, wage rates
for manufacturing workers started to increase again in real
terms in 1981. During the twelve months ending September
1981, the increase was 2.3% in real terms and 16.4% in money
terms. Although the half-yearly statistics on wage rates in
the manufacturing sector for March 1982 will not be available
until the middle of this year, the new series of quarterly
(3) statistics on payroll in various sectors of the economy show that payroll per person engaged in manufacturing was 5.8%
higher in real terms in December 1981 than in December 1980.
At the same time, information obtained from the monthly
panel of large manufacturers reported increases
in money
(4)
terms in per capita earnings for manufacturing workers in both
the fourth quarter of 1981 and the first quarter of 1982.
/ Salaries
(3) Total payroll is the amount of direct cash payments employees receive from their employers. It includes wages and salaries; overtime pay; various cash allowances, bonuses
bonuses and gratuities; severance and termination pay and pay in lieu of leave, etc.
(4)
The monthly panel includes 200 large manufacturing companies selected on the basis of employment in September 1979, in addition to a small number of construction and non-manufacturing companies. Each month a questionnaire is sent to these companies asking them the number of persons engaged as at the end of the preceding month, the amount of payroll for the preceding month, and orders-on-hand in terms of months as at the first day of the current month. Its purpose is to provide short-term economic indicators at monthly intervals. As the survey was not based on a scientifically selected random sample, the results do not necessarily reflect the performance of the economy as a whole; but they do give some indication of the direction of change.
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