The Interrelation of Unemployment Rate, Labor Wages, and Poverty Rate with Economic Growth: Labor Absorption as an Intervening Variable

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Economic growth declines with higher unemployment, lower wages, and increased poverty rate, affecting overall progress.
Each factor—unemployment rate, labor wages, and poverty rate—shows a negative correlation with economic growth in the study.
Path analysis indicates employment absorption positively impacts economic growth, mediating only unemployment's relationship with growth.
Banten’s economic development requires a strategy shift towards inclusive sectors like manufacturing and tourism to foster productivity.

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Quantitative analysis reveals unemployment affects economic growth via employment absorption in Banten Province, indicating necessary policy shifts.

Gunadi et al. (2025) studied this question.

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Quantitative analysis reveals unemployment affects economic growth via employment absorption in Banten Province, indicating necessary policy shifts.