FINAL RESULTS OF THE APRIL 1998 LABOR FORCE SURVEY
                       IN THE PHILIPPINES

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        Selected Variables           Jul-96  Jul-97  Apr-98  Jul-98
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LABOR FORCE PARTICIPATION RATE         66.3    65.7    68.6    64.9

  EMPLOYMENT RATE                      92.5    91.3    86.7    91.1

      Hours Worked
          Working:
               Less than 40 hours      33.4    30.4    34.7    33.8
               40 hours and over       65.8    68.6    62.3    65.1
               Did not work             0.8     0.9     3.0     1.1

      Class of Worker
          Wage and Salary              47.2    50.6    49.4    49.0
          Own-account                  37.9    36.4    37.2    37.5
          Unpaid Family Worker         14.9    13.1    13.4    13.5

      Occupation
          Professional                  5.9     5.9     5.6     6.1
          Administrative                1.6     1.9     2.1     2.0
          Clerical                      4.3     4.5     4.6     4.5
          Sales                        13.7    14.0    15.0    14.5
          Service                       9.2    10.5    10.8    10.7
          Agricultural                 42.1    39.6    37.1    39.0
          Production                   23.0    23.5    24.6    23.0
          NEC                           0.1     0.1     0.2     0.2

      Industry
          Agriculture                  42.6    39.9    37.5    39.5
          Mining and Quarrying          0.5     0.5     0.5     0.5
          Manufacturing                10.0     9.8    10.2     9.5
          Electricity, Gas and Wate     0.5     0.5     0.5     0.5
          Construction                  5.8     6.2     6.1     5.7
          Wholesale and Retail         14.4    15.0    15.9    15.2
          Transportation                6.0     6.4     6.7     6.6
          Financing                     2.3     2.5     2.4     2.4
          Community                    18.0    19.4    20.2    20.0
          NEC                           0.0     0.0     0.0     0.0

  UNEMPLOYMENT RATE                     7.5     8.7    13.3     8.9

  UNDEREMPLOYMENT RATE                 21.5    23.1    21.0    20.8

  VISIBLE UNDEREMPLOYMENT RATE         10.6    10.4    12.0    10.9

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Source: Labor Force Survey
        Income and Employment Statistics Division
        Household Statistics Department
        National Statistics Office
        Republic of the Philippines