WilliamCave Posted June 1, 2014 Share Posted June 1, 2014 I here on TV and other areas that the unemployment rate in Thailand is low. I see many small business with the whole family sitting around in the little stores doing nothing all living on the little income from th store. How many people are not working that I know of are many . Like I also read how many students won't find work . So my question is how accurate is the unemployment rate ? Link to comment Share on other sites More sharing options...
Pormax Posted June 1, 2014 Share Posted June 1, 2014 When there are no unemployment offices to register at, then it must be guesswork. Because I cannot see how the authorities can possibly know. It is just numbers plucked pull a out of the air. Like you, I see many people who want to work but cannot find jobs. However If they wish to leave their young children and work 4 or more hours away, work can be found but then by the time they pay for acommadation, food etc there is not a lot left to send back to feed, clothe, and pay school fees for the children. If you want a decent job in Thailand a lot depends on who you know and how much clout they have, often a good education is not enough. 1 Link to comment Share on other sites More sharing options...
Popular Post thailiketoo Posted June 1, 2014 Popular Post Share Posted June 1, 2014 Unemployment Rate in Thailand is reported by the Bank of Thailand. Detailed information about it is held at the IMF. Billions of dollars are invested every day based on these statistics among others. However 4 posters in Thai Visa who have a net worth of .00000001% of the investment value of the above organizations feel the statistics are in error. They don't know what the real statistics are however but they know they must be wrong. Or http://www.indexmundi.com/thailand/unemployment_rate.html They use the CIA world fact book. However it must be said that a retired bank teller from the Midwestern USA does not agree with these numbers. He does not know what the real numbers are but since a lady he met on the INTERNET Dates a Poppin site lost her job they must be wrong. Indexmundi Unemployment rate: 0.7% (2012 est.)0.7% (2011 est.) Definition: This entry contains the percent of the labor force that is without jobs. Substantial underemployment might be noted. Source: CIA World Factbook - Unless otherwise noted, information in this page is accurate as of December 6, 2013 Thailand has a BBBB or Baaa1 rating from the credit rating agencies but according to a recent 2 AM exit poll of xxxx Plaza patrons, Moodys, Fitch and S&P don't know nuthing. http://www.indexmundi.com/g/r.aspx?c=th&v=74 gives a country by country comparison. 6 Link to comment Share on other sites More sharing options...
daveAustin Posted June 1, 2014 Share Posted June 1, 2014 Whatever figures are quoted, add on another 2-300,000 to for the monks. Link to comment Share on other sites More sharing options...
thailiketoo Posted June 1, 2014 Share Posted June 1, 2014 Whatever figures are quoted, add on another 2-300,000 to for the monks. Why would you do that? Monks perform a service and get paid for it. Hairdressers make hairstyles and get paid for it. What is the difference both things only make the person giving the money feel good and have nothing do do with reality. Link to comment Share on other sites More sharing options...
pigeonjake Posted June 1, 2014 Share Posted June 1, 2014 you could look at it from another way,,, how many who are working,,,,,,PAY TAX????????? 1 Link to comment Share on other sites More sharing options...
thailiketoo Posted June 1, 2014 Share Posted June 1, 2014 When there are no unemployment offices to register at, then it must be guesswork. Because I cannot see how the authorities can possibly know. It is just numbers plucked pull a out of the air. Like you, I see many people who want to work but cannot find jobs. However If they wish to leave their young children and work 4 or more hours away, work can be found but then by the time they pay for acommadation, food etc there is not a lot left to send back to feed, clothe, and pay school fees for the children. If you want a decent job in Thailand a lot depends on who you know and how much clout they have, often a good education is not enough. Did you go to the IMF or the Bank of Thailand or the Thai National statistics office? Does your example also apply to doctors and airplane pilots? Summary of the labor force survey in Thailand : February 2014 The results of Labor Force Survey in February 2014 showed ....... http://web.nso.go.th/en/survey/data_survey/250414_SumFeb56.pdf Link to comment Share on other sites More sharing options...
thailiketoo Posted June 1, 2014 Share Posted June 1, 2014 you could look at it from another way,,, how many who are working,,,,,,PAY TAX????????? Another way. http://web.nso.go.th/index.htm National Statistics office. http://web.nso.go.th/en/survey/data_survey/250414_SumFeb56.pdf Link to comment Share on other sites More sharing options...
pigeonjake Posted June 1, 2014 Share Posted June 1, 2014 im not getting involved in all that made up magumba,,,lol getting to sound like the british government on there imigration policies, all bullsh@T 1 Link to comment Share on other sites More sharing options...
thailiketoo Posted June 1, 2014 Share Posted June 1, 2014 The Thai rate of unemployment is quite low. The statistics are accepted by every financial organization in the world as evidenced by Thailand's financial rating. There are millions of Burmese and Khmer and other nationalities in the country to do jobs that Thais don't want to do. For the rest it's just another Thai bashing thread ho hum. Unemployment: UK, Labor Market Statistics. 6.8%. US. Department of Labor 6.3%. Germany,Eurostat 5.1%. Thailand,National Statistic office of Thailand 0.56% Link to comment Share on other sites More sharing options...
Popular Post pigeonjake Posted June 1, 2014 Popular Post Share Posted June 1, 2014 get real mate,, we all know its made up, how do they get these figours?????? 3 Link to comment Share on other sites More sharing options...
thailiketoo Posted June 1, 2014 Share Posted June 1, 2014 get real mate,, we all know its made up, how do they get these figours?????? A filter developed at the IMF and used widely by country desks is applied to Thailand. It uses quarterly observations on seasonally adjusted re al GDP, core inflation (quarter-on-quarter), the unemployment rate and the rate of capacity utilization in manufacturing. The parameters are estimated using Bayesian techniques. Given that the Thai economy underwent considerable structural transformation (including the introduction of inflation targeting) after the Asian crisis, the estimation period runs from 2000Q1 to 2013Q2 http://www.imf.org/external/pubs/ft/scr/2013/cr13323.pdf http://www.imf.org/external/ http://web.nso.go.th/ All of the information you requested is above. If you don't want to look it up, as I suspect you only want to rant about things you don't understand, then don't blame me. 1 Link to comment Share on other sites More sharing options...
Popular Post DP25 Posted June 1, 2014 Popular Post Share Posted June 1, 2014 It is not accurate at all. The vast majority of Thai workers are grey market workers that are completely unregistered and the government has no idea what their job is, how much they make, their employment status, or even where they really live. Only about 1/4th of Thai workers are registered, and it is only these workers that they have numbers for. 5 Link to comment Share on other sites More sharing options...
pigeonjake Posted June 1, 2014 Share Posted June 1, 2014 your right i dont understand... Link to comment Share on other sites More sharing options...
thailiketoo Posted June 1, 2014 Share Posted June 1, 2014 (edited) It is not accurate at all. The vast majority of Thai workers are grey market workers that are completely unregistered and the government has no idea what their job is, how much they make, their employment status, or even where they really live. Only about 1/4th of Thai workers are registered, and it is only these workers that they have numbers for. You didn't read the links I posted. But if you want to bumble along in ignorance feel free. Do you really think the IMF and Moodys and Fitch and S&P's would be as easily bamboozled as you fellows? But don't expect me to spoon feed you the information. I posted the links so you can read them the same as I did. Edited June 1, 2014 by thailiketoo Link to comment Share on other sites More sharing options...
lomatopo Posted June 1, 2014 Share Posted June 1, 2014 (edited) I doubt there is one single answer to the OP's question without bounding the actual question? Given a certain published unemployment figure, how accurate might that be? I guess you could express it in a percentage, with a +/- to reflect an acceptable range? Note that many people are employed at a rate which is below the minimum threshold to pay income tax. Just because someone is not paying an income tax does not mean that they are unemployed. TDRI has some research/publications, including this overview of the labor market here, published this past week. http://tdri.or.th/en/tdri-insight/looking-beyond-today-the-future-of-thai-labor-in-2014-when-economy-is-bad-and-politics-is-worsened/ Looking Beyond Today: The future of Thai labor in 2014 when economy is bad and politics is worsened Release 2014-05-28 Thailand Development Research Institute (TDRI) TDRI Director of Labor Development looked beyond the here and now to warn laborers on the effects from economic problems and the prolonged political crisis while unemployment among university graduates may continually rise. The prolonged and unresolved political situation has increasingly driven the other problems in the Thai society, which deserve to be solved, to a desolate corner, especially the directly and the indirectly affected troubles of the Thai laborers. Dr. Yongyuth Chalamwong, Research Director for Labor Development, Thailand Development Research Institute or TDRI, said that the unimproved economy due to several factors deriving from export, domestic consumption and the government’s expenditure during its transitory period is expected to slow down the economic growth in the first quarter and may gradually recover in the second, third and fourth quarters. The macroeconomist continued that if the political problems are quickly resolved, the spillover effects will not be so severe since Thailand still enjoys a low unemployment rate while the labor market structure focuses on the lower level which mainly uses foreign workers for skilled labor. The labor market fluctuation is likely to absorb the unemployment of the lower level whereas the middle level labor still lacks technicians. Edited June 1, 2014 by lomatopo Link to comment Share on other sites More sharing options...
Popular Post pigeonjake Posted June 1, 2014 Popular Post Share Posted June 1, 2014 but i will say one thing, i dont understand all your figours, but what i do know is ive lived here a long time and seen more not working then working! so the girls in the bars, thousands of them are all paying tax and working? there must be 50% in our village that dont work,, 4 Link to comment Share on other sites More sharing options...
thailiketoo Posted June 1, 2014 Share Posted June 1, 2014 but i will say one thing, i dont understand all your figours, but what i do know is ive lived here a long time and seen more not working then working! so the girls in the bars, thousands of them are all paying tax and working? there must be 50% in our village that dont work,, Read the links and you will find out how those people are accounted for. Again, unless the IMF calls you up to ask your opinion I guess they trust their sources more than you. Although you don't know what those sources are because you are too lazy to read what I posted. The IMF holds 90.5 million onces of gold. Do you really think you are smarter then the people who work there and figure Thai economic statistics? Link to comment Share on other sites More sharing options...
pigeonjake Posted June 1, 2014 Share Posted June 1, 2014 now were in any of my posts did i say i was smarter then them,,???? your the ones who very smart, and i bow to your knowledge,, in all things in this world have a good day Link to comment Share on other sites More sharing options...
thailiketoo Posted June 1, 2014 Share Posted June 1, 2014 now were in any of my posts did i say i was smarter then them,,???? your the ones who very smart, and i bow to your knowledge,, in all things in this world have a good day You said the less than 1% unemployment is not true because of your anecdotal evidence. That means to me you think you are correct and the IMF is wrong. That means to me you think you are smarter than the IMF. Read the links I gave you and you will understand how Thailand and the IMF comes up with the employment numbers. If you want to continue not to know, up to you but don't call them wrong unless you understand where they get their numbers from. Who knows you might agree with them. Link to comment Share on other sites More sharing options...
JLCrab Posted June 1, 2014 Share Posted June 1, 2014 Do you really think the IMF and Moody's and Fitch and S&P's would be as easily bamboozled as you fellows? Well, maybe on occasion. SAN FRANCISCO (MarketWatch March 12, 2008, 8:12 p.m. EDT ) -- Moody's Investors Service and Standard & Poor's stuck with their AAA ratings on Ambac Financial's bond insurance units late Wednesday after the company successfully raised $1.5 billion selling new stock and equity units. Ambac missed an interest payment on its debt on November 1, 2010 and filed for chapter 11 bankruptcy protection on November 8, 2010. 2 Link to comment Share on other sites More sharing options...
Pacificperson Posted June 1, 2014 Share Posted June 1, 2014 (edited) To be counted as unemployed, you need to be actively looking for work. If you have not actively looked for work or are not currently employed, then you are not in the labor force and do not count towards the unemployment rate. I am not sure about how monks are counted. Either they are counted as employed or they are not considered to be part of the labor force. They are not unemployed. I think that what the OP is really asking about is what is the labor force participation rate in Thailand. That is what percentage of the adult population is either employed or actively looking for work? Farm owners and farm workers will be included. The World Bank gives it at 72% for Thailand. The US and UK rates are about 63%. Edited June 1, 2014 by Pacificperson 2 Link to comment Share on other sites More sharing options...
thailiketoo Posted June 1, 2014 Share Posted June 1, 2014 (edited) To be counted as unemployed, you need to be actively looking for work. If you have not actively looked for work or are not currently employed, then you are not in the labor force and do not count towards the unemployment rate. I am not sure about how monks are counted. Either they are counted as employed or they are not considered to be part of the labor force. They are not unemployed. I think that what the OP is really asking about is what is the labor force participation rate in Thailand. That is what percentage of the adult population is either employed or actively looking for work? Farm owners and farm workers will be included. The World Bank gives it at 72% for Thailand. The US and UK rates are about 63%. The 2012 Labor Force Survey showed that there were 54.32 million people, aged 15 years and over, of these, 38.73 million were in the labor force (38.01 million were employed, 0.28 million were unemployed and 0.44 million were seasonally inactive labor force) and 15.59 million persons were Not in the labor force. Comparing the number of unemployment by region with the same period of last year, it showed that the number of unemployed persons of most regions decreased, in the South decreased by 23 thousand persons, Bangkok by 10 thousand persons, the North by 9 thousand persons and the smallest number was in the Central by 2 thousand. http://web.nso.go.th/en/survey/data_survey/560109_lfs1.pdf Methods. http://web.nso.go.th/en/kno.htm Edited June 1, 2014 by thailiketoo Link to comment Share on other sites More sharing options...
chiang mai Posted June 1, 2014 Share Posted June 1, 2014 Protagonists will never accept any numbers unless they are recorded by the unemployment office when the unemployed person first signs onto collect benefits, that's how the stats are recorded, apparently! Is this is Kansas? Nope! 1 Link to comment Share on other sites More sharing options...
thailiketoo Posted June 1, 2014 Share Posted June 1, 2014 Protagonists will never accept any numbers unless they are recorded by the unemployment office when the unemployed person first signs onto collect benefits, that's how the stats are recorded, apparently! Is this is Kansas? Nope! Funny but that's not how it's done in the UK or USA or Thailand. They are all figured by survey. Wow,,,, News to everyone I guess. UK Labor force survey. USA the Government conducts a monthly sample survey called the Current Population Survey (CPS) to measure the extent of unemployment in the country. Thailand Labor force survey. Link to comment Share on other sites More sharing options...
Popular Post pigeonjake Posted June 1, 2014 Popular Post Share Posted June 1, 2014 can you explain in laymans terms how does thailand carry out this survey??? 3 Link to comment Share on other sites More sharing options...
chiang mai Posted June 1, 2014 Share Posted June 1, 2014 Man stands next to Nana BTS and asks, "are you working", respondent says "yes", ticks box. Link to comment Share on other sites More sharing options...
pigeonjake Posted June 1, 2014 Share Posted June 1, 2014 Man stands next to Nana BTS and asks, "are you working", respondent says "yes", ticks box. thatll p#ss the expert off talking like that 1 Link to comment Share on other sites More sharing options...
chiang mai Posted June 1, 2014 Share Posted June 1, 2014 Sorry, was just trying to add levity. 1 Link to comment Share on other sites More sharing options...
Chao Lao Beach Posted June 1, 2014 Share Posted June 1, 2014 you could look at it from another way,,, how many who are working,,,,,,PAY TAX????????? You hit the nail on the head. Link to comment Share on other sites More sharing options...
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