Jakarta, Oct. 27 -- Indonesia's open unemployment rate fell to 4.65 percent in 2026, the lowest since 1994, the government announced on Tuesday.

"The 4.65 percent TPT reflects the success of various real sector and investment incentive programs in facilitating labor market needs," Haryo Limanseto, spokesperson for the Coordinating Ministry for Economic Affairs, said.

Under International Labour Organization (ILO) and Statistics Indonesia (BPS) standards, the open unemployment rate (TPT) measures job seekers as a percentage of the total national labor force.

The 2026 rate shows the labor market's capacity to absorb workers and is close to the 4.36 percent recorded in 1994.

Limanseto said the result reflects the effectiveness of the cons...