Economy Continues to Recover, Open Unemployment Rate Falls to 5.86% in August 2022

Economics & Macro

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Cindy Mutia Annur 08/11/2022 17:10 WIB

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Indonesia's Central Bureau of Statistics (BPS) recorded an open unemployment rate (OUR) of 5.86% in August 2022. This achievement reflects the ongoing economic recovery.

Open Unemployment Rate (August 2019 - August 2022)

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Economy Continues to Recover, Open Unemployment Rate Falls to 5.86% in August 2022

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Open Unemployment Rate (August 2019 - August 2022)

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The Central Statistics Agency (BPS) report notes that the open unemployment rate (OUR) in Indonesia was recorded at 5.86% in August 2022. This achievement decreased in line with the ongoing economic recovery.

The OUR in August 2022 decreased by 0.63% compared to the same period last year (year-on-year/yoy). In August 2021, the OUR in Indonesia was 6.49%.

This figure also improved compared to two years ago. In August 2020, Indonesia's OUR reached 7.07%, the highest since the Covid-19 pandemic.

However, Indonesia's OUR in August 2022 has not yet reached the pre-pandemic level of 5.23%.

Based on gender, the OUR for men was higher than for women in August 2022. The OUR for men was 5.93%, while the OUR for women was 5.75%.

In terms of place of residence, the urban OUR reached 7.74%, higher than the rural OUR of 3.43%.

According to age group, the highest OUR was in the 15-24 age group at 20.63%. This was followed by the 25-39 age group at 3.36% and the 60 years and over age group at 2.85%.

For information, the OUR is an indicator used to measure the workforce not absorbed by the labor market and reflects the underutilization of the labor supply.

Editor : Annissa Mutia

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Economy Continues to Recover, Open Unemployment Rate Falls to 5.86% in August 2022

Economy Continues to Recover, Open Unemployment Rate Falls to 5.86% in August 2022

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