The latest value from 2026 is 1 percent. . Unemployment rate can be defined by either the national definition, the ILO harmonized definition, or the OECD harmonized definition. Implications of low unemployment rate in Thailand A ranking by the World Bank in 2018 reveals that Thailand's unemployment rate of 1.1% was the 9th lowest out of 233 countries worldwide. The latest value from 2026 is 1 percent. MASAYUKI YUDA, Nikkei staff writer August 17, 2021 06 . Thailand's economic fundamentals are sound, with low inflation, low unemployment, and reasonable public and external debt levels. By Nophol Techaphangam / Posted on 17 April, 2020 16:18. All APEC economies, except Brunei Darussalam and Thailand, are expected to experience an increase in their unemployment rate in 2020. In 2019, Thailand's unemployment rate was at 1.1 percent, according to Thai Government statistics. 1995 2000 2005 2010 2015 2020 % 4.0 4.5 5.0 5.5 6.0 6.5 7.0 World. BANGKOK, Nov. 23 (Xinhua) -- Thailand's unemployment rate jumped to 2.25 percent in the third quarter of this year, hitting the highest level . 2001 - 2021. Of the total unemployed, the age group 15 to 24 years comprised 42.4 percent, while the age group 25 to 34, 32.1 percent. Thailand's unemployment rate fell in the fourth quarter of 2020 from the third quarter, as an easing of COVID-19 curbs led to a revival in economic activity, but a recent rise in infections poses . This is more than three times Thailand's jobless rate for the last decade, which hovered around 0.6%. According to the report, pandemic-related restrictions particularly . Unemployment Rate in China remained unchanged at 5 % in the second quarter of 2021. November 16, 2021. This scheme affected 6% of people in employment during the November 2020 lockdown and 3% in December. The unemployment rate in India is likely to rise further in 2021 as the country tries to contain a serious new surge in the pandemic. Unemployment rate forecast is defined as the projected value for the number of unemployed people as a percentage of the labour force, where the latter consists of the unemployed plus those in paid or self-employment. In April 2020, the unemployment rate reached 14.8%—the highest rate observed since data collection began in 1948. Thailand: Unemployment rate forecast: For that indicator, we provide data for Thailand from 2001 to 2026. Due to unavailable data the following indicators have . In September, more than 2.5 million Thais are currently unemployed, and that is the 'official rate'. More than half of all unemployed workers were formerly engaged in the services sector. In September 2019, the unemployment rates for adult men and women were 3.2% and 3.1%, respectively. The ten countries with the lowest unemployment rates are: Cambodia (0.30%) Qatar (0.60%) In July-September, private consumption contracted at the sharpest rate since the height of the pandemic in Q2 2020, while private investment growth slowed notably. It would be the highest unemployment figure ever seen on record, said Siam Commercial Bank's Economic Intelligence Center (EIC). In July-September, private consumption contracted at the sharpest rate since the height of the pandemic in Q2 2020, while private investment growth slowed notably. License : CC BY-4.0. NR195/2020 Unemployment Rate: September 2020 NR172/2020 NR172/2020 Unemployment Rate: August 2020 NR154/2020 NR154/2020 Unemployment Rate: July 2020 NR143/2020 NR143/2020 Unemployment Rate: June 2020 NR125/2020 NR125/2020 Unemployment Rate: May 2020 NR108/2020 NR108/2020 August 13, 2020 | 12:00am. About 46 percent of . The number of unemployed persons decreased marginally month-on-month by 3.5 thousand persons to 741.6 thousand persons. The coronavirus has brought about unprecedented economic disruption, prompting an acceleration of workplace closures and mass layoffs and furloughs across industries, including the tourism and hospitality sector which is bearing the brunt . The unemployment rate for women in service occupations increased by 9.1 percentage points over the year, reaching 13.3 percent, compared with an increase of 7.8 percentage points in the rate for men, whose rate rose to 12.6 percent in . For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. The unemployment rate of Thai people in Bangkok and nearby provinces increased to 9.6 per cent due to the impact of Covid-19 and the lockdown measures, Kasikorn Research Centre said. It was published in the Royal Gazette on May 1, 2020, effective immediately. Data retrieved on June 15, 2021. Q4/21 report: 2 Feb 2022. 1 The Office of the National Economic and Social Development Council (NESDC) estimated that 8.4 million jobs . Data retrieved on June 15, 2021. By the first quarter of 2021, there were 710,000 fewer jobs than in the fourth quarter of 2020. In September, more than 2.5 million Thais are currently unemployed, and that is the 'official rate'. Moreover, the unemployment rate figures do not show the impact of the short-time working scheme. The inflation rate for consumer prices in Thailand moved over the past 41 years between -0.9% and 19.7%. The labor force participation rate declined to 60.2% in April 2020—a level not seen since the Unemployment is a looming concern. The average value for Thailand during that period was 1.36 percent with a minimum of 0.66 percent in 2011 and a maximum of 3.33 percent in 2001. Employment and Unemployment Rates in Thailand, 2017-2020 Published by: Open Development Thailand Data of Thailand National Statistics Office (NSO) showed that the novel coronavirus (COVID-19) pandemic has impacted on jobs. Thailand's unemployment rate in 2020 is now one of the worst since records began. The size of the work force in Thailand was 38.78 million (Q2/2021), with the majority of the workforce under 35 years of age. By the first quarter of 2021, there were 710,000 fewer jobs than in the fourth quarter of 2020. Unemployment rate can be defined by either the national definition, the ILO harmonized definition, or the OECD harmonized definition. The rate of unemployment in Thailand could reach 3-5 million people due to the coronavirus outbreak. Q2/21 report: 4 Aug 2021. The OECD harmonized unemployment rate gives the number of . The maximum rate was 6.2 % and minimum was 3.9 %. The official unemployment rate remained at 2 percent in the first quarter of 2021, up from 1 percent in the first quarter of 2020. In 2019, Thailand registered the lowest rate among APEC economies at 1.1%, while Brunei Unemployment Rate for Thailand from The Bank of Thailand for the Labor Force Survey release. In July 2021, unemployment remained higher (5.4%) than it had been in February 2020 (3.5%). Thailand unemployment rate for 2019 was 0.72%, a 0.05% decline from 2018. Most important import partners of Thailand 2019. Thailand youth unemployment rate for 2019 was 4.22%, a 0.17% increase from 2018.; Thailand youth unemployment rate for 2018 was 4.05%, a 0.36% decline from 2017.; Thailand youth unemployment rate for 2017 was 4.41%, a 0.65% increase from 2016. The data reached an all-time high of 5.70 % in Jan 2001 and a record low of 0.39 % in Nov 2012. A total of 22,378 people are without a job in this state, according to data on the US unemployment rate for 2019. Still, the unemployment rate remained elevated at the end of 2020, hours worked have not fully recovered, and several sectors including Manufacturing remain smaller than a year ago. DC comes next with an unemployment rate of 5.6%, followed by Mississippi. As of 2020, unemployment rate in South Africa was 29.2 %. The True Extent of Homeless in Thailand. The monthly fall for the OECD as a whole masks strong regional differences. In September 2020, those rates are 7.4% for men and 7.7% for women. Data are based on labour force surveys (LFS). The centre revealed that 61.4 per cent of researched . 0.39 %. Before 2020, Cambodia's unemployment rates had barely risen above the 2% mark since the early 1990s, while Vietnam's had also been consistently at less than 2%, according to data from the United Nations Development Program (UNDP). Jan 2001. Unemployment refers to the share of the labor force that is without work but available for and seeking employment. 5.73 %. Monetary Policy Report. ADB's country partnership strategy 2021-2025 for Thailand will seek to develop and implement coordinated sovereign and nonsovereign lending and nonlending products that help strengthen the country's competitiveness, connectivity, resilience, and sustainability. Each year about 800,000 people join this force. Youth Unemployment Rate in Thailand decreased to 8 % in August 2020. By September 2020, the unemployment rate decreased to 7.9%. The research was conducted from May 21 and 28, the centre said. For example, Thailand's Exports rank is higher than 87.77% of the countries in the dataset.
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