Around 8,000 job seekers competed for job vacancies provided by 35 national companies at a job fair exhibition in Bekasi City, West Java. The growth of the working age population has slowed, raising concerns about an imbalance in the world's labor supply and its impact on global economic growth.
Please note that this article was automatically translated using Microsoft Azure AI, Open AI, and Google Translation AI. We cannot ensure that the entire content is translated accurately. If you spot any errors or inconsistencies, contact us atJob seekers lined up to enter a job fair exhibition at Grand Mall Bekasi in Bekasi City , West Java , on Monday . Around 8,000 applicants competed for job vacancies provided by 35 national companies.
However, the trend of labor supply will vary by region. Low-income countries are expected to experience a strong 2.1 percent growth in labor supply. While the labor supply in developing countries, except for China, will grow by 0.9 percent, and in the US by 0.5 percent. Meanwhile, a sharp decline in labor force participation will cause labor supply contraction by 0.6 percent in China and 0.5 percent in the European Union.
The new government must prepare various employment interventions so that labor productivity and labor force participation, especially women, increase. The IMF sees the benefits of policies aimed at increasing workforce participation, such as having more migrant workers in developed countries and optimizing job allocation in relatively small developing countries. Conversely, the IMF believes that the utilization of digital technology, such as artificial intelligence, will be able to support economic growth in the medium term.
"The conflict in the Middle East will further press on the global economy and this will greatly affect Indonesia. The employment policy proposals that I have suggested are still relevant as part of efforts to strengthen the domestic economy," said Teguh.
Job Seekers Job Fair Bekasi City West Java Working Age Population Labor Supply Global Economic Growth
Indonesia Berita Terbaru, Indonesia Berita utama
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