Indonesia warns unemployment to spike due to coronavirus pandemic

JAKARTA (Reuters) - Indonesia expects its unemployment rate to spike to 8.1%-9.2% this year due to the economic impact of the coronavirus pandemic, from 5.28% in 2019, according to presentations by cabinet ministers in a parliamentary hearing on Monday.Planning Minister Suharso Monoarfa told members of parliament's finance commission the government predicted 4 million to 5.5 million people will lose their jobs this year. The unemployment rate may stay elevated in 2021 at 7.7%-9.1%, he..