For 2020, an inflation rate of -0.8% was calculated. Inflation rates in Thailand - Worlddata.info Most of Thailand's population is of working age and employed. Of the total unemployed, the age group 15 to 24 years comprised 42.4 percent, while the age group 25 to 34, 32.1 percent. Youth unemployment refers to the share of the labor force ages 15-24 without work but available for and seeking employment. More than half of all unemployed workers were formerly engaged in the services sector. Thailand's rapidly aging population means that the working age share of the population will decline. Unemployment rate can be defined by either the national definition, the ILO harmonized definition, or the OECD harmonized definition. What is Youth Unemployment Rate in Thailand? Unemployment rate forecast is defined as the projected value for the number of unemployed people as a percentage of the labour force, where the latter consists of the unemployed plus those in paid or self-employment. The data reached an all-time high of 5.70 % in Jan 2001 and a record low of 0.39 % in Nov 2012. 5.73 %. 19-11-15 Summary of the labor force survey in Thailand : October 2015. Q1/21 report: 5 May 2021. EIC said that if the situation is prolonged to the second half of 2020 or later, the unemployment rate could . Data are based on labour force surveys (LFS). In April 2020, the unemployment rate reached 14.8%—the highest rate observed since data collection began in 1948. Unemployment refers to the share of the labor force that is without work but available for and seeking employment. Data published Quarterly by Ministry of Human Resources and Social Security. For example, Thailand's Exports rank is higher than 87.77% of the countries in the dataset. Thailand: 0 . By the first quarter of 2021, there were 710,000 fewer jobs than in the fourth quarter of 2020. ( Source: Statista) As of June 2019, Alaska is the toughest US state to find work in. Source: The Bank of Thailand Release: Labor Force Survey . A total of 22,378 people are without a job in this state, according to data on the US unemployment rate for 2019. Unemployment Rate in Thailand averaged 2.23 percent from 1977 until 2021, reaching an all time high of 7.75 percent in the first quarter of 1986 and a record low of 0.47 percent in the fourth quarter of 2012. Check out Dashboard: COVID-19 and Thai Labor Market. For comparison, the world average in 2026 based on 100 countries is 6.63 percent. BANGKOK, May 24 (Xinhua) -- Thailand's unemployment rate increased significantly to 1.96 percent in the first quarter of 2021, recording 760,000 unemployed, according to a report issued by the Office of the National Economic and Social Development Council (NESDC) Monday. This page provides forecast and historical data, charts, statistics, news and updates for Thailand Unemployment Rate. 19-10-15 Summary of the labor force survey in Thailand : September 2015. Thailand Unemployment Rate is at 1.02%, compared to 0.72% last year. The trouble starts when it comes to figuring out who exactly is and is not in the labor force? The OECD harmonized unemployment rate gives the number of unemployed persons as a percentage of the labor force (the total number of . Thailand Unemployment Rate2021 Data | 2022 Forecast | 1977-2020 Historical. Moreover, the unemployment rate figures do not show the impact of the short-time working scheme. The latest value from 2026 is 1 percent. The maximum rate was 9.8 % and minimum was 2.5 %. 0.39 %. Unemployed people are those who report that they are without work, that they are available for work and that they have taken . Import of commodities to Thailand 2019. Thailand's unemployment rate hits new high in Q3 2021. The economy likely slipped back into contraction in Q3, as available data points towards deteriorating activity throughout the period. The rate of unemployment in Thailand could reach 3-5 million people due to the coronavirus outbreak. 1995 2000 2005 2010 2015 2020 % 4.0 4.5 5.0 5.5 6.0 6.5 7.0 World. Unemployment rate in Bangkok rose to 9.6 percent in May 2020; government advised to create additional jobs (Business Brief No.3868) คะแนนเฉลี่ย KResearch conducted a survey on the well-being of Thai households in Greater Bangkok in the wake of the COVID-19 outbreak, in the period between May 21 and May 28, 2020. For European Union countries where monthly LFS information is not available, the monthly unemployed figures are estimated by Eurostat. Thailand's COVID crisis exposes the reality of '2% unemployment'. Thailand Economic Outlook. 1 The Office of the National Economic and Social Development Council (NESDC) estimated that 8.4 million jobs . In 2020, unemployment rate for Thailand was 2 %. Alaska has an unemployment rate of 6.4%. Q3/21 report: 10 Nov 2021. All APEC economies, except Brunei Darussalam and Thailand, are expected to experience an increase in their unemployment rate in 2020. Import of goods to Thailand 2020. As of 2020, unemployment rate in South Africa was 29.2 %. Q2/21 report: 4 Aug 2021. Such low unemployment rate may reflect the tightness of the Thai labor market following a solid economic growth in recent periods. Unemployment rate of Thailand fell gradually from 3.3 % in 2001 to 2 % in 2020. South Africa is the top country by unemployment rate in the world. The monthly fall for the OECD as a whole masks strong regional differences. The official unemployment rate remained at 2 percent in the first quarter of 2021, up from 1 percent in the first quarter of 2020. Unemployment rates rose more for women than for men in four of the five major occupational categories in 2020. The research was conducted from May 21 and 28, the centre said. Employment and Unemployment Rates in Thailand, 2017-2020 Published by: Open Development Thailand Data of Thailand National Statistics Office (NSO) showed that the novel coronavirus (COVID-19) pandemic has impacted on jobs. Unemployment, total (% of total labor force) (modeled ILO estimate) International Labour Organization, ILOSTAT database. Overall, the price increase was 356.15 %. In Thailand, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour . In September, more than 2.5 million Thais are currently unemployed, and that is the 'official rate'. Thailand Unemployment Rate 1991-2021. Implications of low unemployment rate in Thailand A ranking by the World Bank in 2018 reveals that Thailand's unemployment rate of 1.1% was the 9th lowest out of 233 countries worldwide. Thailand's unemployment rate reached its highest in more than 16 years in July-September due to strict restrictions taken to curb the spread of coronavirus' Delta variant. The unemployment rate in January 2020 was estimated at 5.3 percent. In 2019, Thailand registered the lowest rate among APEC economies at 1.1%, while Brunei The unemployment rate in Thailand reached 1.02 percent in 2020, a small increase from the previous year. Employment and Unemployment Rates in Thailand, 2017-2020 Published by: Open Development Thailand Data of Thailand National Statistics Office (NSO) showed that the novel coronavirus (COVID-19) pandemic has impacted on jobs. The average value for Thailand during that period was 1.36 percent with a minimum of 0.66 percent in 2011 and a maximum of 3.33 percent in 2001. Thailand's unemployment rate in 2020 is now one of the worst since records began. The International Labor Organization's World Employment and Social Outlook: Trends 2019 reported that the world's unemployment rate dropped below 5% in 2018, the lowest since the 2008 financial crisis. Data retrieved on June 15, 2021. This is lower than the long term average of 1.74%. The coronavirus has brought about unprecedented economic disruption, prompting an acceleration of workplace closures and mass layoffs and furloughs across industries, including the tourism and hospitality sector which is bearing the brunt . According to NSO's data, the unemployment rate has increased to 2 percent in Q2 of 2020. Thailand Unemployment Rate. Still, the unemployment rate remained elevated at the end of 2020, hours worked have not fully recovered, and several sectors including Manufacturing remain smaller than a year ago. MANILA, Philippines — The Philippines is seen booking the highest unemployment rate in Southeast Asia, with about eight million Filipinos expected to lose their jobs . The official unemployment rate remained at 2 percent in the first quarter of 2021, up from 1 percent in the first quarter of 2020.
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