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Jakarta Post

Analysis: Why so many are poor in this rich country?

  • Debnath Guharoy

    Consultant

  /   Tue, March 30 2010   /  10:56 am

Creating jobs is job No.1 for policymakers everywhere. Jobs not only keep the wheels of the economy turning, they are perhaps the biggest contributor to peace. Peace at home, peace in the country, peace around the world. To give credit where it’s due, this government has made laudable progress on the employment front. The creation of jobs from investments in infrastructure development both at the national and local levels has not only helped weather the global storms, they have stimulated a positive environment keeping businesses confident. In turn, the Roy Morgan Consumer Confidence Index has steadily moved up to the all-time high of 124 points at the end of 2009. Not surprisingly, the Roy Morgan Unemployment Monitor hit an all-time low of 6.9 percent at the same time.BPS, the country’s national statistics bureau, puts the current unemployment rate at 7.87 percent, as at August 2009...