SSO dismisses claim about rising unemployment rate

 

 

BANGKOK, 10 March 2017 (NNT) - The Social Security Office (SSO) has debunked a claim that Thailand's unemployment rate is on the rise. 

In response to a comment by a scholar and a TV host, Siroj Klampaiboon, who claimed Thailand is experiencing the highest unemployment rate in many years, the Social Security Office said the comment was false as more than 120,000 new workers registered for a social security number between 2015 and 2016. 

The SSO's statement was echoed by Department of Industrial Works Director-General Mongkol Pruekwatana who said that 10 industries in Thailand are growing exponentially, which reflects a high demand for labor, adding that the industrial sector has in the past year invested a total of 103 billion baht.

 

-- nnt 2017-03-10

Take that you none believers. 

I'm definitely seeing a downturn in business around the shops, etc. I'm not expert but this is the worse I've ever see it. 

Problem is that all the numbers are just anecdotal. Measures to gauge unemployment are inconsistent and not tested over time. They really do not know.

 

In terms of radical indices, crime is probably just as good an indicator.

4 hours ago, webfact said:

a comment by a scholar and a TV host, Siroj Klampaiboon, who claimed Thailand is experiencing the highest unemployment rate in many years

If one looks at Thailand's unemployment rate for the last 5 years .....

http://www.tradingeconomics.com/thailand/unemployment-rate 

January 2017 unemployment rate of 1.2% cited by The National Statistics Office

http://englishnews.thaipbs.or.th/unemployment-rate-rises/

is the highest in 5 years with the exception of 1.2% in May 2016 and October 2016 (excludes seasonal unemployed of about 0.7%). One would have to go back to 2010 for higher rates.

So "experiencing the highest unemployment rate in many years" is not exactly correct given two times in 2016. But the point isn't diminished.

 

I also don't get the logic of 120,000 people applying for a Social Security number suposedly used as evidence of employment.

Getting the number and getting a job are two entirely different things.

On 10/03/2017 at 2:32 PM, darksidedog said:

I also don't get the logic of 120,000 people applying for a Social Security number suposedly used as evidence of employment.

Getting the number and getting a job are two entirely different things.

Agreed. Likewise Industry investing 103 billion doesn't equal additional jobs, it just means that cash was spent. Could have been for all new automated manufacturing equipment, meaning there are probably less jobs. Could have been for buying licenses to make proprietary brand ed consumer goods (    sorry, couldn't help myself), whatever, it doesn't directly create jobs.