President Jokowi: Unemployment Drops by 5.13 Percent
He added that the purpose of those changes is to ensure that Indonesias economy can be more productive and competitive, to promote self-reliance to produce more values for the country, as well as to provide new jobs and cut unemployment rate.
Alhamdulillah, by working together, unemployment rate continues to drop from 5.70 percent to 5.13 percent, the President wrote in his Facebook fanpage, Friday (9/21).
For the record, data from the Central Statistics Agency (BPS) shows that employment rate in February 2018 was 133.94 Million people, rising by 2.39 million people from that in February 2017. In the meantime, the Labor Force Participation Rate (TPAK) was at 69.20 percent, increasing by 0.18.
Nevertheless, the BPS shows that in the period one year, unemployment rate dropped by 140 thousand people, in line with to the open unemployment rate (TPT) rate that dropped by 5,13 percent in February 2018.
Data from the BPS also shows that the numbers of employed people is 127.07 million people, increasing g by 2.53 million people compared to that in February 2017.
In the meantime, sectors that saw the increasing number of working population percentage are hospitality sector (0.68 percent), service sector (0.40 percent), and processing industry sectors (0.39 percent), while sector that reported the drop in the number of unemployed people are agriculture sector (1.41 percent), construction sector (0.20 percent), and education sector (0.16 percent).
Furthermore, the BPS data also shows, as many as 73.98 million people (58.22 percent) of Indonesians work in informal sectors, but the number has dropped by 0.13 percent compared to that in February 2017. (ES) (HYP/EP/Naster)