The unemployment rate in Indonesia declined to 4.82 percent in the March quarter of 2024 from 5.45 percent in the same quarter the previous year, pointing to the lowest figure since at least Q4 of 1997. The number of unemployed persons fell by 9.89 percent from a year earlier to 7.20 million. At the same time, the number of employed grew by 2.56 percent to 142.18 million, mostly in food accommodation & beverages, construction, and agriculture. Meanwhile, the labor force participation rate increased to 69.80 percent from 69.30 percent in the prior year. source: Statistics Indonesia
Unemployment Rate in Indonesia decreased to 4.82 percent in the first quarter of 2024 from 5.32 percent in the third quarter of 2023. Unemployment Rate in Indonesia averaged 5.99 percent from 1982 until 2024, 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 September of 2024.
Unemployment Rate in Indonesia decreased to 4.82 percent in the first quarter of 2024 from 5.32 percent in the third quarter of 2023. Unemployment Rate in Indonesia is expected to be 5.20 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 6.00 percent in 2025, according to our econometric models.