Thai unemployment dropped below 1% for the first time in nearly 4 years.

Miscellaneous

23 Apr-National Statistical Office Reported that the unemployment rate of Thai people is below 1% for the first time in almost 4 years.

Ms. Trisulee Traisoranakul, Deputy Spokesperson for the Prime Minister’s Office, said that the National Statistical Office (NSO) reported on the labor situation in early 2023, in line with the ongoing economic recovery. with more and more employed people As for the unemployment, it has decreased, with the NSO stating that in February 2023, Thailand has a population aged 15 years and over, classified as a group in the labor force, 58.81 million people, among whom are in the labor force. 40.49 million people live outside the labor force, such as studying are housewives, do housework, are disabled, 18.32 million people with disabilities, which when considering only those in the labor force, it was found that 39.91 million people were employed, an increase from 39.81 million people compared to the end of 2022, 3.6 hundred thousand people were unemployed. or 0.9 per cent of those in the labor force, compared with 390,000 or 1 per cent at the end of 2022. The remaining 220,000 are in season.

“The unemployment rate at 0.9 percent is the lowest rate and is below 1 percent for the first time in almost four years, when the Thai labor system was unemployed below 1 percent, the last time being in October. 62 with an unemployment rate of 0.9 percent as well, at that time when the economy was growing normally and tourist arrivals in Thailand reached a record high before entering the global crisis of the COVID-19 epidemic in the beginning. 2020,” Ms. Trisulee said.

Ms. Trisulee said that the number of employed people increased. And the unemployment has dropped to the same level as before the COVID-19 outbreak. in accordance with the goals and policies Gen. Prayut Chan-o-cha, Prime Minister and Minister of Defense, has assigned all relevant agencies to give the highest priority to maintaining employment and income of the people. As for the economic recovery period, take care of the gradual recovery. Do not use unnecessarily strong stimulus. to maintain a balance between growth and stability Do not focus on growth until it causes other economic side effects. such as inflation And there must be a serious increase in interest rates, which may cause job losses to the country’s financial system and the people. The type seen in foreign countries.-Thai News Agency

Source: Thai News Agency