Employment grows in Q2, 2021: NESDC

[webfact]

 

By Tanakorn Sangiam

   

BANGKOK (NNT) - Thailand’s employment figure has grown in Q2 this year, as reported by the National Economic and Social Development Council, albeit with an overall high unemployment rate. The Ministry of Labour and the Ministry of Finance are now considering additional measures to further promote employment.

 

The National Economic and Social Development Council’s (NESDC) Secretary General, Danucha Pichayanan announced today that Thailand’s workforce situation in Q2, 2021 has shown a slight improvement, but is still considered impacted when compared to the time before the pandemic.

 

According to the NESDC, the employment figure in Q2, 2021 grew 2% year-on-year, particularly in construction, hotels and restaurants, as well as logistics and warehousing.

 

Despite the growth, Thailand’s overall unemployment rate for Q2 remains high at 1.89% due to the ongoing impact of COVID-19, with an estimated 730,000 believed to be unemployed.

 

In response to this issue, the Ministry of Labour and the Ministry of Finance are now working to introduce additional measures to promote employment, as well as extending existing campaigns.

 

Meanwhile, increasing household debt has become a point of concern, with the gross household level of debt from Q1, 2021 recorded at 14.13 million baht, considered to be 90.5% of the national GDP.

 

The NESDC says increasing household debt is partially due to the payback extensions and debt freezing measures, along with an increase in loan taking by households, unaffected by the pandemic.

 

The NESDC urges related agencies to closely monitor outcomes from the existing and new debt relief campaigns to help prevent household debt from turning into non-performing loans.

 

-- © Copyright NNT 2021-08-26

 

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[Will B Good]

5 minutes ago, webfact said:

The NESDC says increasing household debt is partially due to the payback extensions and debt freezing measures,

How would these increase household debt?

[Scrotobike]

Easy - just remove migrant labour, pay more, better conditions and employ Thais.

Oh silly me that will lower the HiSo profits - TIT

[natway09]

Whatever this guy is smoking, I don't want any

The National GDP figure is missing at least 2 0's

[dirtybirty]

Tats calculator doing the rounds lol

[Soikhaonoiken]

Just where do these guys get there figures from,, you have only got to walk round any City /town in Thailand and you can see the figures are BS....