The Unemployment Rate Amid the COVID-19 Pandemic: Propose the Best Practices Policy to Maintain Labor Market Stability
This study analyzes the impact of the shocks caused by the COVID-19 pandemic on the labor market. The research is vital for expanding the literature about maintaining the unemployment rate amid crisis, ultimately reducing unnecessary social costs. The quantitative approach in this study uses a Grang...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Universitas Gadjah Mada
2021-10-01
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| Series: | JSP: Jurnal Ilmu Sosial dan Ilmu Politik |
| Subjects: | |
| Online Access: | https://jurnal.ugm.ac.id/jsp/article/view/56450 |
| _version_ | 1818024412190867456 |
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| author | Nazaruddin Malik Muhammad Sri Wahyudi Suliswanto Mochamad Rofik |
| author_facet | Nazaruddin Malik Muhammad Sri Wahyudi Suliswanto Mochamad Rofik |
| author_sort | Nazaruddin Malik |
| collection | DOAJ |
| description | This study analyzes the impact of the shocks caused by the COVID-19 pandemic on the labor market. The research is vital for expanding the literature about maintaining the unemployment rate amid crisis, ultimately reducing unnecessary social costs. The quantitative approach in this study uses a Granger causality test to understand the effect of the shock caused by the COVID-19 pandemic on unemployment. Meanwhile, the qualitative approach in this study uses literature related to economic growth, crisis management, and unemployment. Granger causality tests show that economic slowdown hurts the unemployment rate. Based on discussion and synthesis from works of literature, this paper recommends some of the policies to maintain growth and prevent a more severe collapse in the labor market; the government needs to sustain aggregate demand and supply. Also, ensure the supply chain runs well amid various restrictions. Besides, this paper also proposes that the government maximizes alternative budget resources. Meanwhile, strengthening the labor system and developing health and food security industries must be a priority policy amid-post the pandemic. |
| first_indexed | 2024-12-10T03:59:48Z |
| format | Article |
| id | doaj.art-5862ca54e7b14d85b538203e8f7d4729 |
| institution | Directory Open Access Journal |
| issn | 1410-4946 2502-7883 |
| language | English |
| last_indexed | 2024-12-10T03:59:48Z |
| publishDate | 2021-10-01 |
| publisher | Universitas Gadjah Mada |
| record_format | Article |
| series | JSP: Jurnal Ilmu Sosial dan Ilmu Politik |
| spelling | doaj.art-5862ca54e7b14d85b538203e8f7d47292022-12-22T02:03:00ZengUniversitas Gadjah MadaJSP: Jurnal Ilmu Sosial dan Ilmu Politik1410-49462502-78832021-10-01251486110.22146/jsp.5645030668The Unemployment Rate Amid the COVID-19 Pandemic: Propose the Best Practices Policy to Maintain Labor Market StabilityNazaruddin Malik0Muhammad Sri Wahyudi Suliswanto1Mochamad Rofik2Department of Development Economics, Faculty of Economics and Business, Universitas Muhammadiyah Malang, IndonesiaDepartment of Development Economics, Faculty of Economics and Business, Universitas Muhammadiyah Malang, IndonesiaCenter for Economics, Business and Entrepreneurship Development, Faculty of Economics and Business, Universitas Muhammadiyah Malang, IndonesiaThis study analyzes the impact of the shocks caused by the COVID-19 pandemic on the labor market. The research is vital for expanding the literature about maintaining the unemployment rate amid crisis, ultimately reducing unnecessary social costs. The quantitative approach in this study uses a Granger causality test to understand the effect of the shock caused by the COVID-19 pandemic on unemployment. Meanwhile, the qualitative approach in this study uses literature related to economic growth, crisis management, and unemployment. Granger causality tests show that economic slowdown hurts the unemployment rate. Based on discussion and synthesis from works of literature, this paper recommends some of the policies to maintain growth and prevent a more severe collapse in the labor market; the government needs to sustain aggregate demand and supply. Also, ensure the supply chain runs well amid various restrictions. Besides, this paper also proposes that the government maximizes alternative budget resources. Meanwhile, strengthening the labor system and developing health and food security industries must be a priority policy amid-post the pandemic.https://jurnal.ugm.ac.id/jsp/article/view/56450covid-19pandemicunemploymentlabor market |
| spellingShingle | Nazaruddin Malik Muhammad Sri Wahyudi Suliswanto Mochamad Rofik The Unemployment Rate Amid the COVID-19 Pandemic: Propose the Best Practices Policy to Maintain Labor Market Stability JSP: Jurnal Ilmu Sosial dan Ilmu Politik covid-19 pandemic unemployment labor market |
| title | The Unemployment Rate Amid the COVID-19 Pandemic: Propose the Best Practices Policy to Maintain Labor Market Stability |
| title_full | The Unemployment Rate Amid the COVID-19 Pandemic: Propose the Best Practices Policy to Maintain Labor Market Stability |
| title_fullStr | The Unemployment Rate Amid the COVID-19 Pandemic: Propose the Best Practices Policy to Maintain Labor Market Stability |
| title_full_unstemmed | The Unemployment Rate Amid the COVID-19 Pandemic: Propose the Best Practices Policy to Maintain Labor Market Stability |
| title_short | The Unemployment Rate Amid the COVID-19 Pandemic: Propose the Best Practices Policy to Maintain Labor Market Stability |
| title_sort | unemployment rate amid the covid 19 pandemic propose the best practices policy to maintain labor market stability |
| topic | covid-19 pandemic unemployment labor market |
| url | https://jurnal.ugm.ac.id/jsp/article/view/56450 |
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