Unemployment rose to 5.34% in August 2018, with an increase of 130,000 people.

Employment

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06/11/2018 11:16 WIB

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The unemployment rate in the second semester of 2018 increased to 5.34% of a total workforce of 124 million people.

Open Unemployment Rate and Numbers (March 2014 - August 2018)

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Unemployment rose to 5.34% in August 2018, with an increase of 130,000 people.

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Open Unemployment Rate and Numbers (March 2014 - August 2018)

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The Central Statistics Agency (BPS) reported that the number of unemployed in August 2018 increased by 130,000 to 7 million, compared to 6.87 million in February 2018. Similarly, compared to August 2017, the number of unemployed increased by 40,000. The faster decrease in the number of employed (3.06 million) compared to the decrease in the labor force (2.93 million) fueled the rise in unemployment in the second half of the year.

As a result, the unemployment rate in the second half of 2018 rose to 5.34% of the total labor force of 124 million. This unemployment figure is higher than the 5.13% in the first half of the year, with a labor force of 133.94 million. However, it is lower than the 5.5% in the second half of 2017, with a labor force of 128.06 million.

(Read Databoks: Unemployment 2017 Lowest Since Crisis)

The urban unemployment rate in August 2018 reached 6.45%, an increase compared to February 2018, but lower than the 6.79% in August 2017. Meanwhile, rural unemployment in August 2018 increased to 4.04% from 3.72% in February 2018 and also rose compared to August 2017 (4.01%).

"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."