The unemployment rate in Indonesia dropped to 5.86 percent in Q3 of 2022 from 6.49 percent in the same quarter a year earlier, amid further improvement in local COVID-19 situations. The number of unemployed persons fell by 0.68 million to 7.4 million. At the same time, the number of employed was up by 3.24 percent to 135.3 million, mostly in agriculture, manufacturing, food accommodation & beverages, and construction. Meantime, the labor force participation rate went up to 68.63 percent from 67.80 percent a year earlier. source: Statistics Indonesia
Unemployment Rate in Indonesia averaged 6.03 percent from 1982 until 2022, reaching an all time high of 11.24 percent in the third quarter of 2005 and a record low of 2.00 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 - data, historical chart, forecasts and calendar of releases - was last updated on November of 2022.
Unemployment Rate in Indonesia is expected to be 5.85 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Indonesia Unemployment Rate is projected to trend around 5.70 percent in 2023 and 6.00 percent in 2024, according to our econometric models.