Analysis Of The Determining Factors Of Unemployment Rates In Indonesia

Authors

  • Yophi Kristiani Zai Economic Development, Bung Hatta University, Padang, Indonesia
  • Azhari M Fauzi Economic Development, Bung Hatta University, Padang, Indonesia
  • Rahul Guskar Hadi Wijaya Economic Development, Bung Hatta University, Padang, Indonesia
  • Atra Muhammad Surya Economic Development, Bung Hatta University, Padang, Indonesia
  • Erni Febrina Harahap Economic Development, Bung Hatta University, Padang, Indonesia

Abstract

Unemployment is an economic phenomenon that is a concern for a country. Unemployment itself is a situation where someone who is in the labor force wants to get a job but cannot get it. The importance of this research is to see the effect of inflation, provincial minimum wage and economic growth on poverty in Indonesia. Inflation is a situation where the prices of goods and services in general experience a continuous and significant increase within a certain period of time, provincial minimum wage (UMP) is the minimum wage set by the provincial government for workers in the region, economic growth is a process of changing economic conditions that occur in a country continuously towards conditions that are considered better within a certain period of time. This study uses secondary data processing sourced from the Central Bureau of Statistics (BPS) with multiple linear regression, from 1990-2023. The results of data processing show that inflation and provincial minimum wage have a positive and significant effect on unemployment in Indonesia, while economic growth has a negative and insignificant effect.

Keywords: Inflation, Provincial Minimum Wage, Economic Growth, Unemployment.

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Published

2024-10-03

Issue

Vol. 1 No. 01 (2024): International Conferences on

Section

ARTICLES OF ICODSS PROCEEDING 2024