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Unemployment Rate in Thailand Declines, But Unemployment in Bangkok Rises


snoop1130

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Unemployment in Thailand has declined overall from May to June, but the unemployment rate in Bangkok has risen, according to a recent survey carried out by the National Statistical Office (NSO).

 

The NSO stated that the number of people out of work fell to 379,000 in June, down from about 482,000 in May. The survey looked at the employment data of a potential workforce of 59.19 million people who are 15 and older.

 

Out of these, 40 million worked in official jobs, with the rest, including people with disabilities, not working.

 

The rate of jobless people from 15 to 24 years old decreased significantly from 7% in May to 5.1% in June. However, for people 25 and older, the decrease was slight, going from 0.6% to 0.5%, the NSO reported.

 

Despite the decrease in jobless rates across Thailand, in Bangkok, the number of unemployed people slightly rose from 12% in May to 13% in June.

 

University graduates had the highest number of unemployed at 139,000. This was followed by high school and vocational school graduates, who each had about 72,000 unemployed according to the NSO's data.

 

An international online jobs platform, SEEK, carried out a separate survey of 150,000 people from 180 countries. It found that 76% of participants from Thailand were willing to work remotely for an international company without leaving their country. This figure increased from 50% in a 2020 survey.

 

When surveyed about the willingness to work and live outside of Thailand, 66% of Thai participants expressed interest, naming better wages, job opportunities, and an international work environment as the main attractions.

 

The top places of interest for those wanting to work abroad were Singapore, Australia, the US, and China, the survey reported.

 

The SEEK survey also revealed Thailand's ranking in the list of preferred work destinations worldwide improved from 39th in 2018 to 31st. The reasons attracting foreign workers to Thailand include the high quality of life, friendliness of the locals, a culture of non-discrimination, and low cost of living.

 

As of March, about 2.7 million overseas workers were working in Thailand, making up 7% of the country's entire workforce, SEEK added.

 

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-- 2024-08-16

 

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17 hours ago, snoop1130 said:

Unemployment in Thailand has declined overall from May to June, but the unemployment rate in Bangkok has risen

Another viewpoint:

"The unemployment rate in Thailand has reached a nine-month high of about 2% of registered workers, as the country struggles to deal with slow economic growth and more factory shutdowns, according to the Employers' Confederation of Thai Trade and Industry (EconThai)." Aug 9, 2024.

(my bold)

https://www.pressreader.com/thailand/bangkok-post/20240810/281998972752307

 

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16 hours ago, nakhonandy said:

Other than the seriously ill and the elderly everyone seems to work in our village. 

Yep same here but no tax and not much to show for a days work at 300 daht  a day.

I believe the country needs a new government.

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7 hours ago, sherwood said:

Yep same here but no tax and not much to show for a days work at 300 daht  a day.

I believe the country needs a new government.

Some are lucky to get 300 Baht, minimum wage only applies in official jobs I guess.

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The key words are "registered workers". Many people running the odd roadside stall, one chair hair dresser or day labourer are not registered. As also once indicated, one third of all Thais of working age are not registered workers. They have no OFFICIAL job.

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