Monetary Policy Report. Most important import partners of Thailand 2019. 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. ( Source: Statista) As of June 2019, Alaska is the toughest US state to find work in. Unemployment Rates Around the World 2020; Unemployment Rates Around the World 2020. . In April 2020, the unemployment rate reached 14.8%—the highest rate observed since data collection began in 1948. Thailand's unemployment rate hit a 12-year high in the first quarter of 2021 due to the renewed impact of coronavirus outbreaks, as the country reimposed measures to contain a third wave of . 0.39 %. Unemployment rate in Thailand 2020. For 2021 English version. Data published Monthly by National Statistical Office. The rate of unemployment in Thailand could reach 3-5 million people due to the coronavirus outbreak. Unemployment rates in Thai tourism sector climbs. 5.73 %. 19-10-15 Summary of the labor force survey in Thailand : August 2015. Q4/21 report: 2 Feb 2022. 07-08-15 Summary of the labor force survey in Thailand : July 2015. 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. Thailand Unemployment Rate2021 Data | 2022 Forecast | 1977-2020 Historical. 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). The maximum rate was 9.8 % and minimum was 2.5 %. 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 outbreak, in the period between May 21 and May 28, 2020. Thai unemployment at highest in 16 years on Covid restriction. However, foreign research teams have been conducting additional forecasts. Import of goods to Thailand 2020. South Africa is the top country by unemployment rate in the world. Q2/21 report: 4 Aug 2021. The latest value from 2026 is 1 percent. 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. This is much less than the 25% observed in April 2020 during the first lockdown. Thailand Unemployment Rate. Unemployment Rate in Thailand averaged 2.23 percent from 1977 until 2021, reaching an all time high of 7.75 percent in the first quarter of 1986 and a record low of 0.47 percent in the fourth quarter of 2012. 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. The data is reported by reported by CEIC Data. 19-11-15 Summary of the labor force survey in Thailand : October 2015. Unemployment refers to the share of the labor force that is without work but available for and seeking employment. Thailand's unemployment rate hits new high in Q3 2021. 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. August 13, 2020 | 12:00am. Thailand Economic Outlook. What is Unemployment Rate in China? 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 . Thailand's unemployment rate in 2020 and 2021 is projected to worsen considerably if government handouts are not increased. The OECD harmonized unemployment rate gives the number of unemployed persons as a percentage of the labor force (the total number of . Data retrieved on June 15, 2021. The ten countries with the lowest unemployment rates are: Cambodia (0.30%) Qatar (0.60%) 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 September 2020, those rates are 7.4% for men and 7.7% for women. In 2020, unemployment rate for Thailand was 2 %. What is Youth Unemployment Rate in Thailand? As of 2020, unemployment rate in South Africa was 29.2 %. 1 The Office of the National Economic and Social Development Council (NESDC) estimated that 8.4 million jobs . Thailand's unemployment rate in 2020 and 2021 is projected to worsen considerably if government handouts are not increased. 1991 - 2020. BANGKOK, May 24 (Xinhua) -- Thailand's unemployment rate increased significantly to 1.96 percent in the first quarter of 2021, recording 760,000 unemployed, according to a report issued by the Office of the National Economic and Social Development Council (NESDC) Monday. Unemployment Rate in China remained unchanged at 5 % in the second quarter of 2021. According to the report, pandemic-related restrictions particularly . Thailand unemployment rate for 2019 was 0.72%, a 0.05% decline from 2018. The International Labor Organization's World Employment and Social Outlook: Trends 2019 reported that the world's unemployment rate dropped below 5% in 2018, the lowest since the 2008 financial crisis. The unemployment rate in Thailand reached 1.02 percent in 2020, a small increase from the previous year. Unemployment rate Total, % of labour force, Jan 2005 - Jun 2021. By the first quarter of 2021, there were 710,000 fewer jobs than in the fourth quarter of 2020. All APEC economies, except Brunei Darussalam and Thailand, are expected to experience an increase in their unemployment rate in 2020. Unemployment rate can be defined by either the national definition, the ILO harmonized definition, or the OECD harmonized definition. Youth Unemployment Rate in Thailand decreased to 8 % in August 2020. 2001 - 2021. More than half of all unemployed workers were formerly engaged in the services sector. The minimum wage in Thailand is currently 313 baht per day. Thailand: Unemployment rate forecast: For that indicator, we provide data for Thailand from 2001 to 2026. License : CC BY-4.0. Youth unemployment refers to the share of the labor force ages 15-24 without work but available for and seeking employment. Thailand Unemployment Rate 1991-2021. In just one generation, the total fertility rate (TFR) shrank from 6.5 children per woman in 1960s to below the replacement level of 2.1 in the late 1980s. This scheme affected 6% of people in employment during the November 2020 lockdown and 3% in December. Unemployment rates rose more for women than for men in four of the five major occupational categories in 2020. This is more than three times Thailand's jobless rate for the last decade, which hovered around 0.6%. 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 . Nov 2012. Data published Quarterly by Ministry of Human Resources and Social Security. Thailand: Unemployment rate forecast: For that indicator, we provide data for Thailand from 2001 to 2026. 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 reached its highest in more than 16 years in July-September due to strict restrictions taken to curb the spread of coronavirus' Delta variant. Source: The Bank of Thailand Release: Labor Force Survey . This page provides - Thailand Youth Unemployment Rate- actual values, historical data, forecast, chart . 1.41 %. 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. The official unemployment rate remained at 2 percent in the first quarter of 2021, up from 1 percent in the first quarter of 2020. The economy likely slipped back into contraction in Q3, as available data points towards deteriorating activity throughout the period. For example, The World Bank Statistics suggest that these government findings are largely under calculated. For example, Thailand's Exports rank is higher than 87.77% of the countries in the dataset. Alaska has an unemployment rate of 6.4%. The trouble starts when it comes to figuring out who exactly is and is not in the labor force? Label. 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. A total of 22,378 people are without a job in this state, according to data on the US unemployment rate for 2019. Unemployed people are those who report that they are without work, that they are available for work and that they have taken . The True Extent of Homeless in Thailand. November 16, 2021. For the last decade, Thailand's jobless rate has hovered around 0.6%. Thailand's economic fundamentals are sound, with low inflation, low unemployment, and reasonable public and external debt levels. More than half of all unemployed workers were formerly engaged in the services sector. MASAYUKI YUDA, Nikkei staff writer August 17, 2021 06 . 1995 2000 2005 2010 2015 2020 % 4.0 4.5 5.0 5.5 6.0 6.5 7.0 World. Thailand unemployment rate for 2018 was 0.77% . Methods of calculation and presentation of unemployment rate vary from country to country. In September, more than 2.5 million Thais are currently unemployed, and that is the 'official rate'. Inflation rate in Thailand 2026. BANGKOK: Thailand's unemployment rate hit a 12-year high in the first quarter of 2021 due to the renewed impact of coronavirus outbreaks, as the country reimposed measures to contain a third wave . . The latest value from 2026 is 1 percent. By Nophol Techaphangam / Posted on 17 April, 2020 16:18. EIC said that if the situation is prolonged to the second half of 2020 or later, the unemployment rate could . The monthly fall for the OECD as a whole masks strong regional differences. Among the unemployed persons in January 2020, 63.3 percent were males. For 2020, an inflation rate of -0.8% was calculated. By September 2020, the unemployment rate decreased to 7.9%. 2020 Thailand Valuation Trends 2 On January 8, 2020, the wage committee have approved to revise the minimum wage rate based on skill standard for 13 groups of occupation/industry, with 64 types of occupations in total. . Q1/21 report: 5 May 2021. Thailand's unemployment rate in 2020 is now one of the worst since records began. 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 In July 2021, unemployment remained higher (5.4%) than it had been in February 2020 (3.5%). In 2019, Thailand registered the lowest rate among APEC economies at 1.1%, while Brunei The same unemployment rate of 5.3 percent was registered in January 2019. In August 2020, the number of labour force increased by 76.6 thousand persons to record 15.90 million persons as compared to July 2020. In 2019, Thailand's unemployment rate was at 1.1 percent, according to Thai Government statistics. 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. Overall, the price increase was 356.15 %. Many standard labor practices apply, including mandatory severance packages, and overtime payments. In September, more than 2.5 million Thais are currently unemployed, and that is the 'official rate'. Thailand's COVID crisis exposes the reality of '2% unemployment'. Thailand has experienced a substantial fertility decline since the 1960s largely due to the nationwide success of its voluntary family planning program. This page provides forecast and historical data, charts, statistics, news and updates for Thailand Unemployment Rate. The unemployment rate in August 2020 remained at 4.7 per cent. The labor force participation rate declined to 60.2% in April 2020—a level not seen since the Each year about 800,000 people join this force. Year. Data are based on labour force surveys (LFS). Thailand Unemployment Rate is at 1.02%, compared to 0.72% last year. Unemployment Rate for Thailand from The Bank of Thailand for the Labor Force Survey release.
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