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Indonesia's employment grows 3.79 percent in Q3

IndonesiaThe number of people getting new jobs expanded in the third quarter of this year as investment accelerated at a faster pace.

The investment coordinating board said on Monday that job creation grew 3.79 percent to 286,497 from July to September on a yearly basis.

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READ MORE Indonesian economy grows 5.02 percent in 2016

That compares with 345,234 people getting new jobs from April to June, Azhar Lubiz, deputy chairman for investment supervision and controlling at the board, told a press conference.

Foreign direct investment and domestic investment rose 12 percent and 16.8 percent respectively in the third quarter, according to the board.

The government has been constructing massive infrastructure projects across the nation in a bid to create more jobs and ease inflation.

The Indonesian economy is expected to expand 5.17 percent this year and 5.4 percent next year after it grew 5.02 percent last year.




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