Indonesia Highlights: Indonesia in Recession | Nearly 10M Indonesians Jobless | Indonesia Extends Financial Partnership with Singapore

The International Monetary Fund (IMF) projected the global economic growth to contract by up to 4.4 percent.

Source: https://go.kompas.com/read/2020/11/05/183122174/indonesia-faces-recession-as-economy-shrinks-349-percent-in-q3 

2. 9.77 Million Indonesian Workers Unemployed from Pandemic

The coronavirus pandemic has sent Indonesia's unemployment rate soaring with nearly 10 million workers jobless.

BPS data shows that in August 2020, an additional 2.67 million workers in Indonesia were furloughed raising the national unemployment figures to 9.77 unemployed citizens.

Suhariyanto said that the coronavirus pandemic led to more Indonesians without work. The Greater Jakarta Area saw the highest unemployment rate in Indonesia, followed by the provinces of Banten and West Java.

BPS data also revealed that there has been an uptick in the number of part-time workers nationally totaling 4.83 million workers in Indonesia.

On the other hand, the number of full-time workers has decreased to a national tally of 9.46 million individuals.

Other BPS statistics showed that Indonesia’s agriculture sector absorbed 29.76 percent of the labor market followed by trade at 19.23 percent, and the manufacturing sector at 13.61 percent.

Source: https://money.kompas.com/read/2020/11/05/141654326/indonesia-resesi-jumlah-pengangguran-naik-jadi-977-juta-orang