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Indonesia : Poverty and unemployment, Selected economic Indicators
New jobs generated last year exceeded the number of entrants into the labor market. The unemployment rate fell from 6.6% to 6.1% in the 12 months to August 2012, though the rate of underemployment was... barely changed at 29%. In a positive development, employment in the formal sector rose by 6.4%, or 2.7 million jobs, in this period, mostly in manufacturing and construction. Informal-sector employment fell by 2.3%, or 1.5 million jobs, as workers left agriculture. Poverty declined by 0.7 percentage points to 11.7% in the 12 months to September 2012 (Figure 3.24.7). Contributing factors were lower food price inflation, higher wages for agricultural and construction workers, and better incomes for farmers.Sources: Statistics Indonesia. http://www.bps.go.id; CEIC Data Company (both accessed 16 March 2013).
Rank: 2606 of 4891 in Economy
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