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Journal : Journal of Mathematics Technology and Education

Analysis of the Effect of District / City Minimum Wage and Labor Force Participation Rate on the Open Unemployment Rate of North Sumatra Province in 2021-2022 Erwin; Citra Dewi Hasibuan; Rony Genevent Marpaung; J.L. Marpaung
Journal of Mathematics Technology and Education Vol. 2 No. 2 (2023): Journal of Mathematics Technology and Education
Publisher : Talenta Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32734/jomte.v2i2.13590

Abstract

Open unemployment is still a major economic problem in North Sumatra Province. This study aims to analyze the effect of Regency / City Minimum Wage, Labor Force Participation Rate, and Gross Regional Domestic Product on the Open Unemployment Rate in North Sumatra Province in 2021-2022. The type of data used is secondary data obtained from the North Sumatra Province Statistics Agency. The results showed that there was a simultaneous significant influence between the three independent variables, namely district / city minimum wage, labor force participation rate, and gross regional domestic product on the dependent variable, namely the open unemployment rate 𝑌 = 0.164𝑋1 − 0.694𝑋2 − 0.032𝑍 + 0.424. The simultaneous effect is 57.6% and the remaining 42.4% is explained by other variables not included in the study.