Thailand’s unemployment rate slightly increases in Q3
Thailand’s National Economic and Social Development Council (NESDC) has confirmed the unemployment rate in the country in the third quarter of 2019 slightly increased to 1.04 percent, or about 394,000 people.
Bangkok (VNA) – Thailand’sNational Economic and Social Development Council (NESDC) has confirmed theunemployment rate in the country in the third quarter of 2019 slightly increasedto 1.04 percent, or about 394,000 people.
Employment in agriculture decreased by 1.8percent, a consecutive decrease over three quarters due to natural disasters,while employment in manufacturing has decreased by 5.2 percent, along with a2.2 percent decrease in construction.
The tourism industry has seen a 3.1 percentincrease in employment, and a 1 percent rise in transportation due to highertourist numbers.
In the final quarter this year, theunemployment figure is expected to drop by 0.9 percent to 355,000 persons, dueto the return of elders and those working from home to the workforce.
The NESDC said Thailand’s gross domesticproduct rose 2.4 percent from a year ago. The council cut its 2019 GDP forecastto 2.6 percent, from an earlier view of 2.7 percent to 3.2 percent./.
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