RESULTS OF THE JANUARY 2001 LABOR FORCE SURVEY IN THE PHILIPPINES

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             Selected Variables     Jan-00  Jan-99  Oct-00  Jan-01
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LABOR FORCE PARTICIPATION RATE       64.9    65.6    64.3    65.5
 EMPLOYMENT RATE                     90.5    90.8    89.9    88.6
    Hours Worked
       Working:
          Less than 40 hours         34.3    34.1    33.9    30.2
          40 hours and over          64.3    64.4    65.0    68.5
           Did not work               1.4     1.5     1.1     1.2
    Class of Worker
        Wage and Salary              49.8    49.9    49.8    51.3
         Own-account                 37.0    36.9    37.7    37.2
         Unpaid Family Worker        13.2    13.3    12.5    11.5
     Industry
        Agriculture                  38.3    40.2    37.4    36.5
       Mining and Quarrying           0.4     0.4     0.4     0.4
       Manufacturing                  9.8    10.2    10.1    10.3
       Electricity Gas and Water      0.4     0.5     0.4     0.4
       Construction                   5.3     5.6     5.1     5.6
       Wholesale and Retail Trade    16.0    15.9    16.5    17.6
       Transportation and Storage     7.1     7.0     7.3     7.4
       Financing                      2.6     2.7     2.4     2.8
      Community and Personal         20.1    20.1    20.3    19.0
      N.E.C.                          0.0     0.0     0.0     0.0
 UNEMPLOYMENT RATE                    9.5     9.2    10.1    11.4
 UNDEREMPLOYMENT RATE                21.0    21.9    19.9    16.9
 VISIBLE UNDEREMPLOYMENT RATE        54.5    54.0    53.7    49.4

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