The unemployment rate in Indonesia surged to 7.07 percent in the third quarter 2020 from 5.28 percent in the same quarter a year earlier, amid the economic downturn caused by the coronavirus crisis. The number of unemployed persons surged by 2.66 million to 9.77 million. Meanwhile, the number of employed declined by 0.31 million to 128.45 million, mostly in the manufacturing (-1.30 percent) while that in agriculture reported the largest increase (2.33 percent). Meantime, the labor force participation rate accelerated slightly to 67.77 percent in the third quarter from 67.53 percent in the prior year. source: Statistics Indonesia
Unemployment Rate in Indonesia averaged 6.05 percent from 1982 until 2018, reaching an all time high of 11.24 percent in the third quarter of 2005 and a record low of 2 percent in the fourth quarter of 1983. This page provides the latest reported value for - Indonesia Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Indonesia Unemployment Rate - values, historical data and charts - was last updated on November of 2020.
Unemployment Rate in Indonesia is expected to be 8.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Indonesia to stand at 7.50 in 12 months time. In the long-term, the Indonesia Unemployment Rate is projected to trend around 6.50 percent in 2021 and 7.50 percent in 2022, according to our econometric models.