Construction jobs down as companies shut down in Indonesia due to security concerns
Construction jobs are down across Indonesia as businesses close down due to the country’s political unrest, according to a new report.
The Jakarta-based Institute for Economics and Peace (IEP) found that construction jobs fell by a total of 1,068,500 jobs in 2016.
This was mostly due to a drop in the number of jobs in the construction industry in the capital Jakarta.
The report also found that employment in the tourism industry fell by 2,049,700 jobs, or 2.4%.
The total number of construction jobs in Indonesia was also down by 2.5%.
Construction jobs in Jakarta rose by a whopping 6,737,000 jobs in 2020, an increase of 1.5% over the previous year.
However, construction jobs have been on the decline since the start of the current crisis in Indonesia, according the Jakarta Post.
The IEP said in a statement that the country had lost more than 300,000 construction jobs during the current political crisis.
The government is trying to make the economy more competitive by pushing for increased domestic investment.
However it also faces rising economic uncertainty, according a recent study by the Asian Development Bank (ADB).
The ADB warned that Indonesia’s political crisis has led to a surge in investment, which could undermine the economy’s ability to meet growth targets.
However, the ADB said that its analysis of recent data showed that the economy is still relatively resilient and could be able to recover.