RESULTS OF THE OCTOBER 2000 LABOR FORCE SURVEY IN THE PHILIPPINES
(in percent)

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   Selected Variables                   Oct-98    Oct-99    Jul-00    Oct-00
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LABOR FORCE PARTICIPATION RATE           66.0      65.7      63.9      64.3

  EMPLOYMENT RATE                        90.4      90.4      88.9      89.9

      Hours Worked
          Working:
               Less than 40 hours        35.7      32.9      30.6      33.9
               40 hours and over         62.9      65.9      68.5      65.0
               Did not work               1.4       1.2       1.0       1.1

      Class of Worker
          Wage and Salary                49.0      50.5      51.4      49.8
          Own-account                    37.6      36.8      37.1      37.7
          Unpaid Family Worker           13.4      12.7      11.6      12.5

      Occupation
          Professional                    6.0       6.2       6.0       5.8
          Administrative                  2.0       2.3       2.3       2.3
          Clerical                        4.5       4.5       4.6       4.6
          Sales                          14.7      15.3      15.3      15.5
          Service                        10.6      11.0      10.8      10.8
          Agricultural                   39.5      37.5      37.1      37.0
          Production                     22.5      23.1      23.8      23.7
          NEC                             0.1       0.1       0.1       0.1

      Industry
          Agriculture                    39.9      37.8      37.5      37.4
          Mining and Quarrying            0.4       0.3       0.4       0.4
          Manufacturing                   9.5      10.1       9.6      10.1
          Electricity, Gas and Water      0.5       0.5       0.4       0.4
          Construction                    5.3       5.3       5.4       5.1
          Wholesale and Retail           15.3      16.1      16.1      16.5
          Transportation                  6.7       7.1       7.2       7.3
          Financing                       2.5       2.6       2.5       2.4
          Community                      19.9      20.2      20.8      20.3
          NEC                             0.0       0.0       0.0       0.0

  UNEMPLOYMENT RATE                       9.6       9.6      11.1      10.1

  UNDEREMPLOYMENT RATE                   23.7      21.9      21.4      19.9

  VISIBLE UNDEREMPLOYMENT RATE           12.6      11.1      10.2      10.7

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Note:  October 1999 and October 2000 figures were estimated based on the 1995 Census-based Population
       Projection while figures for  October 1998 and July 2000 were based on 1980 Census-based Population Projection.

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