Unemployment hits 9-month high
The unemployment rate in Thailand has reached a nine-month high of about 2% of registered workers, as the country struggles to deal with slow economic growth and more factory shutdowns, according to the Employers’ Confederation of Thai Trade and Industry (EconThai).
The group’s calculation is based on registered workers under Section 33 of the Social Security Act, which refers only to employees who had been working for companies. It does not include freelancers.
The outlook is bleak for blue-collar Thai workers as factories have reduced shifts or laid off workers, while some other plants have shut down permanently, said Tanit Sorat, the vice-chairman of EconThai.
Bangkok Post Reporter
