RESULTS OF THE JANUARY 1999 LABOR FORCE SURVEY IN THE PHILIPPINES (In Thousands)

============================================================================
           Selected Variables             Jan-97  Jan-98   Oct-98  Jan-99
----------------------------------------------------------------------------

LABOR FORCE POPULATION                     29,631  30,240  31,278  31,168

  EMPLOYED PERSONS                         27,335  27,689  28,262  28,368

      Hours Worked
          Working:
               Less than 40 hours           9,288   9,687  10,085   9,899
               40 hours and over           17,709  17,578  17,776  18,032
               Did not work                   338     424     400     435

      Class of Worker
          Wage and Salary                  12,975  13,452  13,858  13,888
          Own-account                      10,327  10,463  10,613  10,607
          Unpaid Family Worker              4,033   3,774   3,790   3,873

      Occupation
          Professional                      1,672   1,647   1,697   1,710
          Administrative                      493     546     570     582
          Clerical                          1,238   1,212   1,271   1,267
          Sales                             3,871   3,997   4,152   4,157
          Service                           2,631   2,840   3,005   2,942
          Agricultural                     11,275  10,907  11,163  11,213
          Production                        6,122   6,498   6,366   6,459
          NEC                                  33      41      38      40

      Industry
          Agriculture                      11,407  11,020  11,272  11,306
          Mining and Quarrying                128     116     104     104
          Manufacturing                     2,683   2,705   2,687   2,681
          Electricity, Gas and Water          125     134     140     138
          Construction                      1,530   1,614   1,511   1,524
          Wholesale and Retail              4,050   4,237   4,328   4,383
          Transportation                    1,681   1,821   1,885   1,927
          Financing                           697     665     695     723
          Community                         5,027   5,374   5,631   5,579
          NEC                                   6       4       8       5

  UNEMPLOYED PERSONS                        2,296   2,551   3,016   2,800
          15 - 19 years old                   438     477     610     542
          20 - 24 years old                   596     670     793     714
          25 - 34 years old                   602     634     743     706
          35 - 44 years old                   270     312     344     356
          45 - 54 years old                   184     211     247     230
          55 - 64 years old                   121     149     166     147
          65 years old and over                85      98     112     105
          Not Reported                         -       *        1      -

  UNDEREMPLOYED PERSONS                     5,755   5,986   6,701   6,269
          Worked less than 40 hours         3,006   3,290   3,567   3,433
          Worked 40 hours and over          2,750   2,696   3,134   2,835

  NOT IN THE LABOR FORCE                   15,696  16,272  16,138  16,550

----------------------------------------------------------------------------
* - less than 500
Source: Labor Force Survey
        Income and Employment Statistics Division
        Household Statistics Department
        National Statistics Office
        Republic of the Philippines