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All Journal Journal of Research in Social Science and Humanities
Sari, Lena Puspita
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Religion Arts Humanities Economics, Econometrics & Finance Education Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Library & Information Science Mathematics Social Sciences Other

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Analysis of the Effect of GRDP, Minimum Wage, and Poverty Level on Unemployment Rate in Central Java Sari, Lena Puspita; Putri, Novi Tri
Journal of Research in Social Science and Humanities Vol 4, No 2 (2024)
Publisher : Utan Kayu Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47679/jrssh.v4i2.224

Abstract

This study aims to find out how Gross Regional Domestic Product (GRDP), minimum wage, and poverty rate affect the unemployment rate in Central Java during the period 2021-2023. Using secondary data from 35 regencies / cities. The most appropriate analysis method used is the random effect model (REM).The results show that GRDP has a significant negative effect on unemployment, on the other hand, the minimum wage shows a significant positive effect, although there are indications that the poverty rate can affect unemployment, the effect is not significant. Overall, the independent variables explain the unemployment rate by 79.7%. These findings emphasize the importance of GRDP and minimum wage policy in the effort to reduce unemployment in Central Java, providing valuable insights for policy makers in formulating more effective strategies to address unemployment problems.
Co-Authors Putri, Novi Tri