Thailand’s unemployment rate drops below 1% for first time in 4 years

Thailand’s unemployment rate at the end of February dropped below 1% for the first time in four years, which is a sign that the economy is improving, the government said.

Trisulee Trisaranakul, a deputy government spokesperson, on Sunday cited the National Statistical Office (NSO)’s report showing that the rate of unemployment at the end of February stood at 0.9%, compared to 1% at the end of last year. She said this is the first time in almost four years that NSO’s survey has seen the unemployment rate drop to below 1%. The last time was in October 2019, when Thailand was enjoying normal growth and a strong tourism sector before it was hit by the Covid-19 pandemic in early 2020.

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The Nation Reporter