IJHABS
Vol 2 No 2 (2024): October

Analysis of the Impact of Economic Growth on Unemployment Rates in Indonesia

Nurman (Unknown)



Article Info

Publish Date
05 Oct 2024

Abstract

Economic growth is often considered as the solution to reduce unemployment in a country. However, the relationship between the two is not always simple, especially in developing countries such as Indonesia. This article aims to analyze the effect of economic growth on unemployment in Indonesia, considering various factors that influence these dynamics. Based on data on economic growth and unemployment rates in Indonesia in recent years, this article finds that although economic growth can create new jobs, the quality of growth and the absorption of economic sectors for labor greatly determine its impact on unemployment. Factors such as structural transformation, education and skills of the workforce, and macroeconomic policies also influence the effectiveness of economic growth in reducing unemployment. This article suggests that more inclusive economic policies, investment in vocational education, and strengthening labor-intensive sectors should be the main focus in efforts to overcome unemployment in Indonesia. Thus, sustainable and equitable economic growth can be achieved, while reducing inequality and unemployment in Indonesia

Copyrights © 2024






Journal Info

Abbrev

IJHABS

Publisher

Subject

Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Law, Crime, Criminology & Criminal Justice Library & Information Science

Description

International Journal of Humanity Advance, Business & Sciences (IJHABS) is published fourth a year in July, Oktober, january, and April. International Journal of Humanity Advance, Business & Sciences publish papers in the field of management science that give a contribution to the development of ...