What is happening with Unemployment of Indonesia over the past 2 or 3 years?

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04-08-2021
Business

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What is happening with Unemployment of Indonesia over the past 2 or 3 years?

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yogiankita7 yogiankita7 · Answer 1 · 2021-08-04T06:49:36-04:00

Answer:

The unemployment rate in Indonesia increased to 6.26 percent in the first quarter 2021 from 4.94 percent in the same quarter a year earlier, amid the economic downturn caused by the coronavirus crisis. The number of unemployed persons surged by 1.82 million to 8.75 million. Meanwhile, the number of employed declined by 2.23 million to 131.06 million, mostly in the transportation and warehouse (-0.30 percent) while that in accommodation and food services reported the largest increase (0.34 percent). Meantime, the labor force participation rate declined to 68.08 percent in the first quarter from 69.21 percent in the prior year.

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