Jakarta: The International Labour Organisation estimates
15-thousand workers a day are losing their jobs as Inodonesia 's economy
continues to collapse.
||The direct result of the monetary crisis, more than 5 million workers
unemployed. About 40-percent of Indonesia's 200 million people are now
classified as below the absolute poverty line. The UN predicts that figure
will rise to 140-million people by the middle of next year -- a level of
poverty not seen in Indonesia since the 1960s. Most of the country's poor
live in rural areas.
The World Bank in June predicted Indonesia's unemployment would quadruple to 20 million this year, not counting more than 50 million underemployed.
The number in poverty compares with just 22.5 million two years ago
and takes Indonesia back to a level of poverty last experienced in 1976
when 40 per cent of the population were classed as poor.