Sri Mulyani: The Number of Unemployment Increases 2.67 Million Pages all

JAKARTA, KOMPAS.com – Minister of Finance (Minister of Finance) Sri Mulyani Indrawati stated, the number unemployment in Indonesia increased 2.67 million people due to the pandemic Covid-19, namely from 7.1 million people to 9.77 million people or from 5.23 percent to 7.07 percent.

“This unemployment rate, if we look at the additional unemployment due to Covid-19, is 2.67 million people,” said Minister of Finance Sri Mulyani, as quoted by Antara. Among, Tuesday (24/11/2020).

Sri Mulyani said, in the period August 2019 to August 2020 there was also an additional new workforce, namely 2.36 million people and the decrease in employment created by Covid-19 was 0.31 million.

He detailed, of the 29.12 million workforce affected by Covid-19, as many as 2.56 million people were unemployed, 0.7 million people were not in the labor force, 1.77 million people were temporarily unemployed, and 24 million people worked but with a lower hour.

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“So of course this will affect their level of welfare. This is a challenge that we must solve, ”said Sri Mulyani.

He explained, the increase in the number of unemployed has implications for a reduction in the level of social welfare which actually reached 10.69 percent, but with social assistance it has decreased to 9.69 percent.

“With social protection, we can reduce the negative impact from 10.96 percent to 9.69 percent. This is 1.5 percent lower. That is a significant figure, ”said Sri Mulyani.

Not only that, he said the declining level of welfare is also reflected in the number of community members who are currently shifting from the formal to informal sectors, namely from 44.12 percent down to 39.53 percent.

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“They then became workers in the informal sector so that workers in the informal sector rose from 55.8 percent to 60.4 percent,” said Sri Mulyani.

The bad impact of a long holiday

Sri Mulyani also said that the long holiday during the pandemic did not improve economic indicators or there was no consumption, but instead increased the number of Covid-19 cases.

“This means that we must be careful to look at it, whether with a long holiday, people carry out activities, have high mobility, but do not cause spending and cause additional Covid cases,” he said.

According to him, in the fourth quarter of 2020, the number of working days was indeed less than the same period last year.

In October this year, he continued, the number of working days reached 23 days, while this year 19 days due to long holidays.

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However, electricity consumption in the business and manufacturing sectors decreased, so that the impact on the production sector also decreased and the consumption sector did not actually increase. On the other hand, economic activity in October 2020 weakened again because the Covid-19 case rose again.

“It must be seen to continue to provide all aspects, such as making policy not only looking at one side, we must look at all sides, aspects of health, economy, business activities, and others, “added Sri Mulyani.

The working days in November this year are the same as in 2019 which reached 21 days. In December 2020, the number of working days reached 16, while last year it reached 20 working days.

“This is what the President meant, whether the number of working days or long holidays in a Covid-19 atmosphere has had the exact impact unintendedWhat we do not want is that the number of cases increases, but the number of economic activities does not increase, ”said Sri Mulyani.

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