Dealing with Surge in Unemployment
The COVID-19 outbreak has changed the face of the economy and the welfare of the people. Economic growth is projected to plummet, unemployment is expected to rise and poverty rates increase.
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Finance Minister Sri Mulyani Indrawati (left) together with Chairman of the House of Representatives Puan Maharani (center), Minister of Justice and Human Rights Yasonna Laoly delivered a statement to reporters at the Parliament Building Complex, Senayan, Jakarta, on Thursday (2/4/2020). Sri Mulyani together with Yasonna Laoly representing the President delivered a Presidential Letter related to the submission of legal rules regarding additional government budget for handling the Covid-19 pandemic to the DPR.
JAKARTA, KOMPAS — The COVID-19 outbreak has changed the face of the economy and the welfare of the people. Economic growth is projected to plummet, unemployment is expected to rise and poverty rates increase.
Based on data from Statistics Indonesia (BPS), there were 24.79 million poor people in Indonesia in September 2019 or 9.22 percent of Indonesia\'s population. As of August 2019, there were 7.05 million unemployed or 5.28 percent of the workforce in Indonesia, which totaled 133.56 million people.