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Factors Affecting the Unemployment Rate of the Community in Asean Countries

Authors
  • Nathania Priscila Simanjorang Program Studi Ekonomi Pembangunan, Fakultas Ekonomi dan Bisnis Universitas Sumatera Utara, Medan 20155, Indonesia
  • Sukma Hayati Hakim Program Studi Ekonomi Pembangunan, Fakultas Ekonomi dan Bisnis Universitas Sumatera Utara, Medan 20155, Indonesia
Issue       Vol 8 No 1 (2025): Talenta Conference Series: Local Wisdom, Social, and Arts (LWSA)
Section       Articles
Section      

Copyright (c) 2025 Talenta Conference Series

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
Galley      
DOI: https://doi.org/10.32734/lwsa.v8i1.2397
Keywords: Inflation GDP Investment Education Unemployment
Published 2025-02-28

Abstract

High unemployment remains one of the major economic development problems faced by ASEAN countries. Widespread unemployment is usually the degree to which the available labor force is unable to balance the number of available job opportunities. The purpose of this research is to find out what factors cause unemployment in ASEAN countries. This type of research is quantitative associative using secondary data obtained from the World Bank and the United Nations Development Program (UNDP). The sample of this research is 11 ASEAN countries with a time span of 2020-2022. The data analysis technique used is panel data regression with the Fixed Effect Model using the help of Eviews 12 software. The final result of this study shows that inflation has a significant negative effect on the unemployment rate, GDP has a significant negative effect on the unemployment rate, foreign investment has a significant positive effect on the unemployment rate and education has no effect on the unemployment rate in ASEAN countries.