Unemployment Predicted to Increase

The Indonesian Center of Reform on Economics (CORE) predicts the open unemployment rate (TPT) in August 2021

in the range of 7.15-7.35 percent or 9.9 million to 10.27 million people. This figure is higher than the August 2020 TPT, which is 7.07 percent (9.76 million people) and the February 2021 TPT, which is 6.26 percent (8.75 million people). According to CORE Indonesia economist, Akhmad Akbar Susamto, unemployment will increase due to the surge in Covid-19 cases and the policy of implementing restrictions on community activities (PPKM) which has been running for the last three weeks. "Unemployment will be higher, conditions could be worse than in August 2020 and February 2021. Indeed, the difference is not much, but in principle there will be an increase," said Akhmad in a virtual discussion in Jakarta. The government has indeed prepared several programs for social protection and incentives for the business world to prevent layoffs (PHK). However, various implementation constraints have prevented the aid programs from reaching those in need in a timely and targeted manner.

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