Political parties face tough balancing act in labour market

[webfact]

 

The latest statistics show an overall improvement in Thailand’s labor market, nearly returning to the pre-COVID level, but questions remain about the availability of well-paying jobs.

 

Unemployment fell to 1.15 percent in the fourth quarter of 2022, from 1.23 percent in the third quarter, compared to 1 percent in the fourth quarter of 2019, prior to the COVID-19 outbreak.

 

Full-year unemployment rate in 2022 averaged 1.32 percent.

 

Growing non-agricultural sector

 

Unemployment has been decreasing among the jobless with work experience, as well as among those new in the labor market, according to the National Economic and Social Development Council (NESDC), a state-run think tank.

 

Full story: https://www.thaipbsworld.com/political-parties-face-tough-balancing-act-in-labour-market/

 

-- © Copyright Thai PBS 2023-03-08

 

- Cigna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here.

 

The most versatile and flexible rental investment and holiday home solution in Thailand - click for more information.

[ThailandRyan]

How big is the actual working force now compared to pre- pandemic levels. So many businesses still shuttered and many hotels closed going into the start of a 4th year.  Do they obtain there stats from listed businesses only or a survey of all operating fronts.  I know that the company my GFs brother and cousin work for are mainly staffed with foreign workers from Myanmar and Cambodia.  How do they count this businesses employment now versus prior to covid when over half were Thai workers.

[hotchilli]

4 hours ago, webfact said:

Unemployment fell to 1.15 percent in the fourth quarter of 2022, from 1.23 percent in the third quarter, compared to 1 percent in the fourth quarter of 2019, prior to the COVID-19 outbreak.

And if you believe that... well you'd believe in anything.

[hotchilli]

4 hours ago, webfact said:

Unemployment has been decreasing among the jobless with work experience, as well as among those new in the labor market, according to the National Economic and Social Development Council (NESDC), a state-run think tank.

No surprises there then...

[Muhendis]

Oh dear.

 

I think I misread the headline. The word is "tough" not "trough".

[DPKANKAN]

57 minutes ago, hotchilli said:

And if you believe that... well you'd believe in anything.

It is more probably just a % based on people paying tax! A huge portion of Thais work day to day, hand to mouth, with cash from small food stalls etc.????????????????

[bangon04]

53 minutes ago, Muhendis said:

Oh dear.

 

I think I misread the headline. The word is "tough" not "trough".

and the balancing act is how many times they can switch factions/parties before they are laughed at..... At least they are not burdened with any actual economic policies to unbalance them.

[ThailandRyan]

4 minutes ago, bangon04 said:

and the balancing act is how many times they can switch factions/parties before they are laughed at..... At least they are not burdened with any actual economic policies to unbalance them.

They seem to be party jumping right now to find a new group who will empower them at the trough now....

[hotchilli]

3 hours ago, DPKANKAN said:

It is more probably just a % based on people paying tax! A huge portion of Thais work day to day, hand to mouth, with cash from small food stalls etc.????????????????

I would love to Know what they base their figures on to get the unemployed %

I doubt if they have any real idea how many really are.