Indonesia Sees Unemployment Drops by 0.28 Percent
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This figure is lower compared to that of February 2016 with 0.17 percent. He also claimed that the drop indicates the increase of labor absorption.
“However, the increase of workforce as much as 6.11 million people compared to August 2016 or 3,88 million compared to February 2016 has to be given a special attention from the government since it is a double-edged sword,” he said on Friday, May 5.
Dzulfian explained that the high number of productive citizens is a good capital for development.
“Nevertheless, if the government cannot manage it well, it can be a burden instead of an advantage,” he added.
He further said that when this high number of citizens are unemployed, the government have to bear the consequences of a higher number of crimes, radicalism, and others.
Therefore, Dzulfian urges the government to focus on creating employment opportunities and enhancing the quality of employment. He added that one of the policies that the government can implement to improve employment issues is the investment-oriented economy.
“Economic and political stability and infrastructure support are two big agendas that the government needs to prepare in order to secure investment and improve the quality of employment for the people.”
Questions & Answers
Q.What was the unemployment rate decline in February 2017?
What was the unemployment rate decline in February 2017?
The open unemployment rate (TPT) in February 2017 declined by 0.28 percent. This figure was lower than the decline seen in February 2016, which was 0.17 percent.
Q.What is the potential challenge associated with the increase in the workforce?
What is the potential challenge associated with the increase in the workforce?
Economist Dzulfian Syafrian noted that a large increase in the workforce can be a double-edged sword. If not managed well by the government, it could become a burden rather than an advantage for development.
Q.What policies did Dzulfian Syafrian recommend to address employment issues?
What policies did Dzulfian Syafrian recommend to address employment issues?
Dzulfian urged the government to focus on creating employment opportunities and enhancing job quality. He suggested an investment-oriented economy, supported by economic and political stability, and infrastructure.
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