Indonesia’s unemployment up 2.67 million due to COVID-19
Indonesian Minister of Finance Sri Mulyani Indrawati has said that the number of unemployed people in the country increased by 2.67 million due to the COVID-19 pandemic, from 7.1 million to 9.77 million or from 5.23 percent to 7.07 percent.
Jakarta (VNA)🤪 - Indonesian Minister of Finance Sri Mulyani Indrawatihas said that the number of unemployed peoplein 🍬the country increased by 2.67 million due to the COVID-19 pandemic, from 7.1 million to 9.77 million or from5.23 percent to 7.07 percent.
Of those,2.36 million people were sacked while 310,000 others could not find jobs due tothe pandemic, Indrawati told a press conference on November 24.
She pointed out that the increasing unemployment rate would havethe implication of reducing the rate of the people's welfare but the socialassistance from the government has helped overcome the problem.
According to the minister, thedecreasing rate of welfare was reflected by more people who moved their jobsfrom the formal sector to the inf▨ormal ꦓone./.
A recent survey conducted by Jobstreet Indonesia showed that 35 percent of workers in the country had been laid off due to the COVID-19 pandemic, while 19 percent had been forced to take unpaid leave.
Indonesia’s Minister of Tourism and Creative Economy Wishnutama Kusubandio recently vowed to disburse an aid package worth 3.3 trillion IDR (224 million USD) for tourism-related businesses and local administrations.
The Indonesian Transportation Ministry has agreed to provide the aviation industry with a stimulus package worth 216.5 billion Rp (14.75 million USD) aimed at cutting costs and boosting demand throughout the COVID pandemic.
Agriculture was the only key sector that contributed to Indonesia’s growth in the third quarter of 2020, given the overall economy contracting 3.49 percent on-year, according to Indonesia’s Central Statistics Agency (BPS).
Indonesia has officially entered its first recession since the 1998 Asian financial crisis as its economy contracts again in the third quarter of this year, albeit at a slower pace.
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