Quick Answer: What is the current unemployment rate in Indonesia?

What is the unemployment rate in Indonesia 2021?

Indonesia: Labor

Reference Previous
Unemployment 28 Feb 2021 9,767,754
Unemployment Rate 28 Feb 2021 7.07
Agriculture Employment 2017 39,897,046
Wage & Salaries 2016 11,153,394,872,489

Why is Indonesia unemployment so low?

During the course of Suharto’s New Order, economic development added many new jobs to the Indonesian economy, thus pushing down the nation’s unemployment rate. … Today, around 80 percent of this informal employment is concentrated in the nation’s rural areas, particularly in the construction and agriculture sectors.

What is the current unemployment rate right now?

On Friday, the Bureau of Labor Statistics (BLS) released its latest jobs report, showing that the US added a disappointing 194,000 jobs last month while announcing that the official unemployment rate fell to 4.8%, the lowest it’s been since its frightening climb to 14.7% when the Covid-19 pandemic first struck the US.

Is unemployment a problem in Indonesia?

Indonesia has faced continually rising unemployment rate. The official open unemployment rate has been slowly increasing since the economic boom 1990-1995, and had remarkable increased during the crisis. It was reported recently (BPS, 2005), that more than I 0% total Indonesia’s labour force was unemployed.

Is Indonesia unemployment rate high?

In 2020, the unemployment rate in Indonesia was at approximately 4.11 percent. The Republic of Indonesia is a sovereign state archipelago in Southeast Asia, composed of more than 17,000 islands.

Indonesia: Unemployment rate from 1999 to 2020.

IT IS IMPORTANT:  Is it safe to drive in Cambodia?
Characteristic Unemployment rate
2019 3.62%
2018 4.4%
2017 3.88%
2016 4.3%

Why is Indonesia’s GDP high?

Growth was driven primarily by domestic consumption, which accounts for roughly three-fourths of Indonesia’s gross domestic product (GDP). The Jakarta Stock Exchange was the best performing market in Asia in 2004, up by 42%.

What is the minimum wage in Indonesia?

Indonesia’s yearly minimum wage is $1,027.00 in International Currency.

What is China’s unemployment rate?

Unemployment rate in urban China from 2010 to 2020 with forecasts until 2026

Characteristic Unemployment rate
2019 3.62%
2018 3.8%
2017 3.9%
2016 4.02%