Unemployment Rate in Indonesia decreased to 5.28 percent in the third quarter of 2019 from 5.34 percent in the third quarter 2018. Unemployment Rate in Indonesia averaged 6.05 percent from 1982 until 2018, reaching an all time high of 11.24 percent in the third quarter of 2005 and a record low of 2 percent in the fourth quarter of 1983. source: Statistics Indonesia
Unemployment Rate in Indonesia is expected to be 5.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Indonesia to stand at 5.10 in 12 months time. In the long-term, the Indonesia Unemployment Rate is projected to trend around 5.30 percent in 2020, according to our econometric models.