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Hua Hin
Wednesday, March 22, 2023

Thai Unemployment Rate Reduces As Tourism Recovers

Thailand’s unemployment rate fell to 1.15% in the fourth quarter of 2022, down from 1.23% the previous quarter, as the key tourist sector recovered.

According to the state planning office, employment climbed 1.5% year on year in October-December, slowing from a 2.1% growth in the September quarter, as service sector employment increased and agriculture sector employment dropped.

The National Economic and Social Development Council’s Danucha Pichayanan told a press conference that the tourism sector still required adequate staff, despite the fact that the number of international tourists was forecast to exceed 28 million this year.

He did caution, however, that the export industry was showing symptoms of further slowing and that steps should be taken to encourage exports and save employment in the area.

Thailand had a workforce of 39 million people in 2022, according to the agency, with a 1.32% unemployment rate.

Author: kanyapat

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