Youth unemployment is five times higher than adult unemployment in Indonesia, which used to be three times higher in the past. This trend is highlighted by The World Bank's Senior Economist, Vivi Alatas during the Global Youth Development Workforce discussion held by The World Bank's Centre for Strategic and International Studies (CSIS) on Thursday, 16 January 2014. Latest data from The World Bank indicates the decreasing rate of among 20 - 29 years old youths' labor participation since 2010, which contradicts the rate of available labor market across informal sector that has been increasing since 2001. Director of Institute for Development of Economics and Finance (INDEF), Enny Sri Hartati, stated that the increasing rate of youth unemployment in Indonesia is caused by the discrepancy between the type of labor in-demand by the national market with the education and skills/experience that today's Indonesian youths have - simply having a bachelor's degree is not enough to fulfil the market demand. In 2013, over 6 percent of unemployed youths are university graduates (holding at least a bachelor's degree) while high school graduates counted for 37 percent of the this population. Overall, unemployment rate in Indonesia has decreased, with 7.17 million people in 2013, 2 percent decrease from 7.24 million in 2012. |
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