THE EFFECT OF AVERAGE LENGTH OF SCHOOLING, MINIMUM WAGE AND ECONOMIC GROWTH ON OPEN UNEMPLOYMENT RATE IN DISTRICTS/CITIES OF BANTEN PROVINCE 2013-2022

Abstract

This study aims to determine the effect of the average length of schooling, minimum wage and economic growth on open unemploment rates in the districts/cities of Banten province. The analytical method used is quantitative, with multiple linear regression analysis techniques. The data used in this study were obtained secondary from the Central Bureau of Statistics of Banten. Based on the results of the best model estimation test, classical assumptions and hypothesis testing, it is found that (1) the average length of schooling has a negative and significant effect on the open unemployment rate in the Regency/City of Banten Province showing a t value of -4.271933 and a probability value of 0.0001 more lower than 0.05; (2) the minimum wage has a negative and insignificant effect on the open unemployment rate in the Regency/City of Banten Province showing a t value of -1.193025 and a probability value of 0.2371 which is greater than 0.05; (3) economic growth has a negative and significant effect on the open unemployment rate in the Regency/City of Banten Province showing a t value of -4.381631 and a probability value of 0.0000 which is lower than 0.05.