unemployment rate in thailand

0.39 %. More information. The statistic shows the distribution of employment in Thailand by economic sector from 2008 to 2018. In 2018, 30.67 percent of the employees in Thailand were active in the agricultural sector, 23.55 percent in industry and 45.78 percent in the service sector. country comparison to the world: 7 BANGKOK, Nov. 23 (Xinhua) -- Thailand's unemployment rate jumped to 2.25 percent in the third quarter of this year, hitting the highest level since … Even during the economic boom from 2010-2014 the employment rates remained steady in the country. Unemployment rate Total, % of labour force, Jan 2005 – Jun 2021. 15-07-15 Summary of the labor force survey in Thailand : June 2015. Created with Highcharts 5.0.2. Nov 2012. 5 factors push Thailand’s unemployment rate ridiculously low ‘In formal’ labour, birth rate, lack of insurance all figure into the 0.56% rate 3/02/2015 Bloomberg News agency. Average of Financial Data and Ratio (Peer Group) AMC. This is not a recent phenomenon: Thailand’s jobless rate has held below 1% for the most part since 2011. For comparison, the world average in 2026 based on 100 countries is 6.63 percent. This compares with 0.9% on average in the same months of 2016. Thailand’s unemployment rate in 2020 and 2021 is projected to worsen considerably if government handouts are not increased. Unemployment, total (% of total labor force) (modeled ILO estimate) International Labour Organization, ILOSTAT database. Thai unemployment hits 16-yr high. 2 - Unemployment rates in Thailand do not differ very much from neighbouring countries. Unemployment Rate in Thailand increased to 2.25 percent in the third quarter of 2021 from 1.89 percent in the second quarter of 2021. That’s Thailand’s official unemployment rate as of the end of 2014. The unemployment rate in Thailand stood at 2.25% in the third quarter of 2021, an increase of 0.35% compared to 1.90% in the same period last year, according to … Source: National Statistical Office Remark: 1/ I would like to inform you that BOT has not published Labor Force Survey since January 2021 - March 2021 on our website because NSO could not surveys labor force in each province due to impact of the COVID-19 crisis in Thailand. Get in touch with us now. The Thailand labour market update found that youth employment fell by 7 per cent in the first quarter of 2021 (from the fourth quarter 2019). Just 0.56%. BANGKOK, Nov 22 (Reuters) – Thailand’s unemployment rate hit a more than 16-year high in the third quarter, as tougher coronavirus restrictions hit economic activity and jobs, the state planning agency said on Monday. This is a list of countries by unemployment rate.Methods of calculation and presentation of unemployment rate vary from country to country. In Thailand, the unemployment rate measures the number of people actively … Special Mention Loans. 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. New figures Thursday from the state Office of Economic Opportunity put the seasonally adjusted unemployment rate at 5.7%. 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. It’s among the lowest in the world, and compares regionally with 9.4% in India and 6% in the Philippines. Save. That’s Thailand’s official unemployment rate as of the end of 2014. Data are based on labour force surveys (LFS). The statistic shows the distribution of employment in Thailand by economic sector from 2009 to 2019. 2017. It’s among the lowest in the world, and compares regionally with 9.4% in India and 6% in the Philippines. shown in figure 4. Unemployment Rate in Thailand increased to 1.96 % in March 2021. More than half of all unemployed workers were formerly engaged in the services sector. The unemployment rate is defined as the percentage of unemployed workers in the total labor force. In Laos, where the formal unemployment rate was around 0.7% last year, joblessness has recently spiked to around 25%, the Vientiane Times, a local newspaper, reported this month. The National Statistics Office has been collecting employment data since 1963 via Labour Force Survey [1] . US recruitment agency Manpower Group Thailand forecasts an unemployment rate in 2019 of 1.1-1.2%, equal to 418,000-450,000 people, up from 400,000 in 2018. Last year, the unemployment rate of … ... Thailand (0.70%) Belarus (1.0%) Benin (1.0%) Gibraltar (1.0%) Tonga (1.1%) Most of … As such, Thailand has been a widely cited development success story, with sustained strong growth and impressive poverty reduction. The unemployment rate was 1.86% in the October-December quarter, representing 730,000 workers without jobs, agency data showed, down from … In April 2020, the PSA booked a 17.7-percent unemployment rate, or 7.3 million jobless Filipinos. BANGKOK, Nov 23 (Xinhua): Thailand's unemployment rate jumped to 2.25 percent in the third quarter of this year, hitting the highest level since the … BANGKOK, Nov 22 (Reuters) – Thailand’s unemployment rate hit a more than 16-year high in the third quarter, as tougher coronavirus restrictions hit economic activity and jobs, the state planning agency said on Monday. Having a low unemployment rate does not mean a country's economy is particularly strong. Analysis. The data is reported by reported by CEIC Data. However, it Thailand's unemployment rate hit a 16-year high in the third quarter, as COVID-19 restrictions have seriously affected economic activities and jobs. Various data can be downloaded and output in csv format for use in EXCEL free of charge. The … -- The … Get market news worthy of your time with Axios Markets. Thailand’s unemployment rate reached its highest in more than 16 years in July-September due to strict restrictions taken to curb the spread of coronavirus’ Delta variant. The state’s labor … Just 0.56%. Factoid #34 The report showed that the local economy added 195 jobs in October. Interest Rate and Fee Rate. For European Union countries where monthly LFS information is not available, the monthly unemployed figures are estimated by Eurostat. By Nophol Techaphangam / Posted on 17 April, 2020 16:18. South Africa is interested in how Thailand ranked with such a low unemployment rate and is ready to exchange useful information that can benefit both countries. It had … Graph and download economic data for Youth Unemployment Rate for Thailand (SLUEM1524ZSTHA) from 1991 to 2019 about Thailand, 15 to 24 years, unemployment, and rate. The Grand Palace in … From August 2021 to September 2021, the total labor force decreased by 1,230 to 749,680. The official unemployment rate remained at 2 percent in the first quarter of 2021, up from 1 percent in the first quarter of 2020. BANGKOK, Nov 23 (Xinhua): Thailand's unemployment rate jumped to 2.25 percent in the third quarter of this year, hitting the highest level since the … The unemployment rate in Thailand reached 1.02 percent in 2020, a small increase from the previous year. The D.C. metro’s unemployment rate is 4.1%, according to the Bureau of Labor Statistics.But, according to Ludwig Institute for Shared Economic Prosperity analysis, the true unemployment rate, which includes those who are employed in a position earning less than a living wage, is much higher. A revised report to update a “data distortion” discovered by the U.S. Bureau of Labor Statistics in Michigan dropped Wisconsin's unemployment rate for September by half a percentage point to 3.4%, according to the state Department of Workforce Development. %, NSA Dec 2019 Jan 2020 Feb 2020 Mar 2020 Apr 2020 May 2020 Jun 2020 Jul 2020 Aug 2020 Sep 2020 Oct 2020 Nov 2020 Dec 2020 0 1 2 3 4 5 NaN%. In September 2019, the jobless rate was higher at 1 percent. Unemployment Rate in Thailand averaged 1.41 percent from 2001 until 2019, reaching an all time high of 5.73 percent in January of 2001 and a record low of 0.39 percent in November of 2012. source: Bank of Thailand. Labor. BOISE (AP) — Idaho’s unemployment rate dropped a tenth of a percent to 2.8 percent from September to October, making the state’s unemployment rate tied for fourth-best in the nation. Mongolia, Pakistan, Indonesia and Philippines have the highest employment rates in Asia. Thailand’s economy grew at an average annual rate of 7.5% in the boom years of 1960-1996 and 5% during 1999-2005 following the Asian Financial Crisis. By contrast, Cambodia, Thailand and Laos post the lowest unemployment rates. Data retrieved on June 15, 2021. Thailand - Unemployment Data. The job growth, combined with an expansion of the labor force puts the unemployment rate at 3.3%, with 2,200 people unemployed, well below the 6.4% rate (4,209 people) in September 2020 and down from the 3.6% in September 2019. Summary Statement of Assets and Liabilities. Thailand’s economic fundamentals are sound, with low inflation, low unemployment, and reasonable public and external debt levels. This is not a recent phenomenon: Thailand’s jobless rate has held below 1% for the most part since 2011. The data reached an all-time high of 5.70 % in Jan 2001 and a record low of 0.39 % in Nov 2012. Show More. Unemployment rate of Thailand fell gradually from 3.3 % in 2001 to 2 % in 2020. Thailand’s labour market in 2019 will face many external influences such as the global economy, the US-China trade war and Brexit. Unemployment rates in Thai tourism sector climbs. Thailand Unemployment Rate is updated monthly, available from Jan 2001 to Dec 2020, with an average rate of 1.18 %. The economy likely slipped back into contraction in Q3, as available data points towards deteriorating activity throughout the period. Thailand unemployment rate for 2019 was 0.72%, a 0.05% decline from 2018. , Sep 14, 2021. Unemployment rate can be defined by either the national definition, the ILO harmonized definition, or the OECD harmonized definition. ... Thailand ranked first for employment rate > adults amongst Emerging markets in 2008. But that has all suddenly changed due to the Covid-19 pandemic. At least 870,000 Thais are currently unemployed according to third quarter statistics released on Monday, due to the economic disruption caused by the most severe wave of the pandemic. About 500,000 people work in the sex industry that alone would triple the amount of unemployment. Meanwhile, the unemployment rate for young men rose from 12.9 percent to 14.6 percent. Thailand Unemployment Rate dropped to 1.49 % in Dec 2020, from the previously reported number of 2.00 % in Nov 2020. It's among the lowest in the world, and compares regionally with 9.4% in India and 6% in the Philippines. 07-08-15 Summary of the labor force survey in Thailand : July 2015. 19-10-15 Summary of the labor force survey in Thailand : August 2015. In August of 2020, the region saw a 5.5% (21,843) unemployment rate. 2019. 19-10-15 Summary of the labor force survey in Thailand : September 2015. BOISE — Idaho’s seasonally adjusted unemployment rate was 2.8% in October, down 0.1 percentage points from September. Just 0.56%. New Hampshire’s preliminary seasonally adjusted unemployment rate for September was 2.9%, a decrease of 0.1 percentage point from August. -- Preliminary September unemployment rate was down seven-tenths to 2.4 percent over the month. By the first quarter of 2021, there were 710,000 fewer jobs than in the fourth quarter of 2020. By contrast, Cambodia, Thailand and Laos post the lowest unemployment rates. 1991 - 2020. The country has seen a poor labour market with a dipping employment rate. Such low unemployment rate may reflect the tightness of the Thai labor market following a solid economic growth in recent periods. Transition graphs on "Unemployment rate" in Thailand and comparison bar charts (USA vs. China vs. Japan vs. Thailand), (Germany vs. France vs. Thailand) are used for easy understanding. The unemployment rate is the percent of the labor force that is jobless. The data is reported by reported by CEIC Data. Starting April 2005, the new unemployment definition was adopted per NSCB Resolution no. Bank of Thailand. Thailand - Unemployment Rate. Unemployment rate: The percent of the labor force that is without jobs. 0.7. Thailand's unemployment rate hits new high in Q3 of 2021 but daily Covid-19 cases are dipping; 5,126 reported on Tuesday (Nov 23) Auto 04 Oct 2021 Thailand's "Unemployment rate" is 1.02% which is the 180th highest in the world ranking. Brazil unemployment rate for 2020 was 13.67%, a 1.74% increase from 2019.; Brazil unemployment rate for 2019 was 11.93%, a 0.4% decline from 2018.; Brazil unemployment rate for 2018 was 12.33%, a 0.49% decline from 2017.; Brazil unemployment … 5.73 %. BANGKOK — Thailand has one of the lowest unemployment rates in the world, which doesn’t always fit the picture of an emerging-market economy that’s struggling to get growth going. More. Commercial Banks. Unemployment refers to the share of the labor force that is without work but available for and seeking employment. Answer (1 of 3): Because the way we count the unemployed distorts the real number. The jobless rate among of the same age group reached 31 percent in summer from 27.8 percent in spring, the report added. 15 dated October 20, 2004. For the last decade, Thailand’s jobless rate has hovered around 0.6%. Mongolia has the highest employment rate in Asia with 7.3 per cent. Unemployment rate in Bangkok rose to 9.6 percent in May 2020; government advised to create additional jobs (Business Brief No.3868) คะแนนเฉลี่ย KResearch conducted a survey on the well-being of Thai households in Greater Bangkok in the wake of the COVID-19 … Tourism and government spending - mostly on infrastructure and short-term stimulus measures – have helped to boost the economy, and The Bank of Thailand has been supportive, with several interest rate reductions. The data reached an all-time high of 5.70 % in Jan 2001 and a record low of 0.39 % in Nov 2012. Some countries count insured unemployed only, some count those in receipt of welfare benefit only, some count the disabled and other permanently unemployable people, some countries count those who choose (and are financially able) not to work, …

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