FINAL RESULTS OF THE APRIL 1997 LABOR FORCE SURVEY
                                IN THE PHILIPPINES

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           Selected Variables                Apr-95    Apr-96    Jan-97    Apr-97
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LABOR FORCE PARTICIPATION RATE                67.6      69.1      65.4      68.8

  EMPLOYMENT RATE                             87.9      89.1      92.3      89.6

      Hours Worked                           100.0     100.0     100.0     100.0
          Working:
               Less than 40 hours             36.4      42.8      34.0      33.8
               40 hours and over              61.5      55.2      64.8      64.0
               Did not work                    2.1       2.0       1.2       2.2

      Class of Worker                        100.0     100.0     100.0     100.0
          Wage and Salary                     46.1      45.3      47.5      47.6
          Own-account                         38.6      37.9      37.8      37.1
          Unpaid Family Worker                15.3      16.8      14.7      15.3

      Occupation                             100.0     100.0     100.0     100.0
          Professional                         5.4       5.5       6.1       5.9
          Administrative                       1.5       1.6       1.8       1.8
          Clerical                             4.4       4.3       4.5       4.6
          Sales                               13.8      14.3      14.2      14.1
          Service                              9.2       8.8       9.6       9.5
          Agricultural                        42.4      43.4      41.2      40.8
          Production                          23.1      21.9      22.4      23.4
          NEC                                  0.0       0.1       0.1       0.1

      Industry                               100.0     100.0     100.0     100.0
          Agriculture                         42.9      43.8      41.7      41.3
          Mining and Quarrying                 0.4       0.4       0.5       0.5
          Manufacturing                       10.4       9.6       9.8       9.9
          Electricity, Gas and Water           0.5       0.4       0.5       0.5
          Construction                         5.4       5.3       5.6       6.0
          Wholesale and Retail                14.8      15.0      14.8      14.8
          Transportation                       5.7       6.0       6.1       6.3
          Financing                            2.1       2.2       2.5       2.5
          Community                           17.8      17.4      18.4      18.3
          NEC                                  0.0       0.0       0.0       0.0

  UNEMPLOYMENT RATE                           12.1      10.9       7.7      10.4

  UNDEREMPLOYMENT RATE                        20.3      22.2      21.1      23.4

  VISIBLE UNDEREMPLOYMENT RATE                11.5      13.1      11.0      11.8

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Source: National Statistics Office