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HK Records Surge in Average Wage Rate
Hong Kong's average wage rate for all the major sectors increased by 0.9 percent in June over a year earlier, after decreases in September 1999 and March 2000, according to figures released Friday by the Census and Statistics Department.
About 49 percent of the companies surveyed recorded some increase in their average wage rates in June 2000 over a year earlier, in line with the revival in business activities, the figures showed.
On the other hand, 8 percent of the companies surveyed reported almost no change in their average wage rates, while about 43 percent reported some decrease over the same period.
The figures also indicated a 1.7-percent rise in the average payroll per person engaged for all the major sectors surveyed taken together.
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