Indonesia’s jobless rate seen at 6% in 2014
The unemployment rate in Indonesia is forecast to ease to 6.03 per cent in 2014 from 6.25 per cent in August 2013. The Indonesian government expects a reduction in the unemployment rate as the country’s economic growth is assumed to grow strongly and thus will provide more job opportunities for Indonesians next year.
Various institutions, including the International Monetary Fund, World Bank and the Indonesian government, expect Indonesia’s GDP growth in 2014 to range between 5.3 and 6.0 per cent.
The Indonesian labour force is forecast to increase from 118.2 million people in August 2013 to 119.9 million next year. This implies that the number of Indonesians that enter the labour force will decrease. In 2014, an extra of 1.7 million Indonesians will search for a job, while in previous years about 2 million Indonesians per year were added to the country’s labour force annually. This slowing growth is caused by more Indonesians pursuing education in combination with less Indonesians dropping out from school.
In 2013, Indonesia’s unemployment rate actually increased from 5.9 per cent in March 2013 to 6.25 per cent in August as the slowing economy was not able to translate to significant job creation. This was the first time since 2005 that Statistics Indonesia had to release an increased unemployment rate. A worrying sign is that job availability in the country’s manufacturing sector has declined for the first time in five years.
The unemployment rate in Indonesia is forecast to ease to 6.03 per cent in 2014 from 6.25 per cent in August 2013. The Indonesian government expects a reduction in the unemployment rate as the country's economic growth is assumed to grow strongly and thus will provide more job opportunities for Indonesians next year. Various institutions, including the International Monetary Fund, World Bank and the Indonesian government, expect Indonesia's GDP growth in 2014 to range between 5.3 and 6.0 per cent. The Indonesian labour force is forecast to increase from 118.2 million people in August 2013 to 119.9 million next year....
The unemployment rate in Indonesia is forecast to ease to 6.03 per cent in 2014 from 6.25 per cent in August 2013. The Indonesian government expects a reduction in the unemployment rate as the country’s economic growth is assumed to grow strongly and thus will provide more job opportunities for Indonesians next year.
Various institutions, including the International Monetary Fund, World Bank and the Indonesian government, expect Indonesia’s GDP growth in 2014 to range between 5.3 and 6.0 per cent.
The Indonesian labour force is forecast to increase from 118.2 million people in August 2013 to 119.9 million next year. This implies that the number of Indonesians that enter the labour force will decrease. In 2014, an extra of 1.7 million Indonesians will search for a job, while in previous years about 2 million Indonesians per year were added to the country’s labour force annually. This slowing growth is caused by more Indonesians pursuing education in combination with less Indonesians dropping out from school.
In 2013, Indonesia’s unemployment rate actually increased from 5.9 per cent in March 2013 to 6.25 per cent in August as the slowing economy was not able to translate to significant job creation. This was the first time since 2005 that Statistics Indonesia had to release an increased unemployment rate. A worrying sign is that job availability in the country’s manufacturing sector has declined for the first time in five years.
