Thai Labor Ministry: Unemployment declines after political conflicts defused

[webfact]

Labor Ministry: Unemployment declines after political conflicts defused

BANGKOK, 25 July 2014, (NNT) - The nation's unemployment rate has dropped as the political conflicts have been defused, says the Labor Ministry.

The Labor Ministry revealed yesterday that the number of people gainfully employed rose to 9.85 million in June, an increase of 2.66% from that in the month of May.

Meanwhile, the number of the unemployed claiming social security compensation benefits last month was 117,145, a small drop from May’s 109,443, but slightly higher on-year.

7.31 % of the nation's workforce were unemployed in May, decreasing from the April's figure of 9.96 %. The drop is attributed to the improvement in the political sector.

However, it remains to be seen whether the downgrade to Tier 3 of the nation in the US Trafficking in Persons report would affect the kingdom’s employment situation.


-- NNT 2014-07-25

[Pib]

Of course the unemployment is based on folks going to the unemployment office and identifying themselves as such...looking for a job through the office. Most Thais do not do that since they will not receive any benefits/unemployment money from the unemployment office especially if they were self-employed before (i.e., trying to make a living by selling noddles, vegetables, etc) or just hiring themselves out as day labor whenever someone will give the a day of work to do something.

From looking at the World Bank data on Thailand for 2013, Thailand has a population of 67.01M...seems the adult working portion of that 67M should be a lot larger than 9.85M working folks identified in the OP.

Edited July 25, 2014 by Pib

[dcutman]

Of course the unemployment is based on folks going to the unemployment office and identifying themselves as such...looking for a job through the office. Most Thais do not do that since they will not receive any benefits/unemployment money from the unemployment office especially if they were self-employed before (i.e., trying to make a living by selling noddles, vegetables, etc) or just hiring themselves out as day labor whenever someone will give the a day of work to do something.

From looking at the World Bank data on Thailand for 2013, Thailand has a population of 67.01M...seems the adult working portion of that 67M should be a lot larger than 9.85M working folks identified in the OP.

Unless things changed so drastically since april 2013. This labor survey seems to be a bit more complete. Near 10% unemployment in Thailand, give me a break.

http://web.nso.go.th/en/survey/data_survey/560716_LFS_Apr56_Eng.pdf

[Bob12345]

...

Unless things changed so drastically since april 2013. This labor survey seems to be a bit more complete. Near 10% unemployment in Thailand, give me a break.

http://web.nso.go.th/en/survey/data_survey/560716_LFS_Apr56_Eng.pdf

Thats also what i always hear: unemployment rates of maybe 1% at most.

Plus many employers complaining it is impossible to keep employees as they all move around all the time as there are so many job openings everywhere.