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Thailand’s unemployment rate at the end of February fell below 1% for the first time in four years signaling that the countrys economy is strengthening.

The National Statistical Office (NSO) report, which showed that the jobless rate at the end of February stood at 0.9%, compared to 1% at the end of last year, was mentioned by Trisulee Trisaranakul, a deputy government spokeswoman, on Sunday.

She claimed that the jobless rate had dropped to below 1% for the first time in nearly four years according to NSO’s poll. The last time was in October 2019, just before the Covid-19 outbreak struck Thailand in early 2020, when it was seeing typical growth and a robust tourism industry.

According to the NSO study, 40.49 million of the 58.81 million Thais over the age of 15 are now employed. Students, stay-at-home moms, and people with disabilities are among the 18.32 million people who are not employed.

The NSO also reported that there were 39.91 million employed persons at the end of February 2023, up from 39.81 million at the end of 2022. 360,000, or 0.9%, of the 40.49 million workers were unemployed as of the end of last year, down from 390,000, or 1%, at the same time.

The NSO claimed that because the remaining 220,000 people work seasonally, they cannot be considered unemployed.

Trisulee added that Prime Minister Prayut Chan-o-cha had developed measures to achieve the goal, noting that the government’s objective is to increase employment and return it to pre-Covid levels.In order to ensure development and stability, she continued, the administration has been attempting to revive the economy without taking too many harsh actions.

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