International Journal of Economics, Business and Innovation Research
Vol. 3 No. 04 (2024): July, International Journal of Economics, Business and Innovation Research (IJ

Level of Analysis of Factors Contributing to the High Unemployment Rate in Madiun Regency

Oktavia Fauzaturroisiyah (Department of Development Economics, Faculty of Economics and Business, National Development University "Veteran" Java East)
Riko Setya Wijaya (Department of Development Economics, Faculty of Economics and Business, National Development University "Veteran" Java East)



Article Info

Publish Date
08 Jul 2024

Abstract

The crucial problems in Indonesia include several things, one of which is unemployment. Various efforts have been made by the Indonesian government to overcome the problem of unemployment. Regarding the condition of the population, the average length of schooling, minimum wage, and GDP in Madium Regency, it is necessary to conduct an impact analysis to see factors that can increase open unemployment in Madiun Regency. The approach taken by the researcher utilizes a quantitative approach, by applying the multiple linear regression analysis method through the ordinary least square. The data used is secondary data, namely data on the Open Unemployment Rate, Number of Population, Average Length of Schooling, Minimum Wage, and GDP during the 2008-2022 period. The results of this study are that the number of population has a significant negative effect on open unemployment in Madiun Regency, the average length of schooling has a significant positive effect on open unemployment in Madiun Regency, the minimum wage has no significant effect on open unemployment in Madiun Regency, and the Gross Regional Domestic Product has a significant positive effect on open unemployment in Madiun Regency. With these results, the Government is expected to create policies that can influence efforts to reduce budgeting in Madiun Regency.

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Journal Info

Abbrev

IJEBIR

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

Description

International Journal of Economics, Business and Innovation Research (IJEBIR) is a high quality open access peer reviewed research journal. providing a platform for the researchers, academicians, professional, practitioners and students to impart and share knowledge in the form of high quality ...