<![CDATA[The phenomenon of educated unemployment in Indonesia, particularly among higher education graduates, has risen during the 2020–2024 period despite relatively stable economic growth. This study aims to analyze the influence of macroeconomic and structural factors, namely economic growth, provincial minimum wages, education level, employment opportunities, and the number of people of productive age, on educated unemployment. This study employs a quantitative research approach using panel data regression to examine data from 34 provinces in Indonesia over the period 2020–2024. The analysis is based on a total of 170 observations (34 provinces × 5 years) and applies the Fixed Effects Model (FEM) to account for unobserved province-specific characteristics that remain constant over time. All statistical analyses are conducted using EViews. The results reveal that economic growth, minimum wages, and employment opportunities have a significant negative effect on educated unemployment. In the other hand, the education level shows a positive effect, indicating a mismatch between graduates’ competencies and labor market demands. Meanwhile, the productive-age population variable has no significant effect, reflecting the demographic bonus paradox that does not automatically reduce educated unemployment. These findings highlight the importance of creating quality jobs, reforming higher education curricula, and synchronizing labor policies to reduce educated unemployment and optimize Indonesia’s demographic potential.]]>
