The unemployment rate in Thailand surged to 1.9 percent in August of 2020 from 1 percent in the corresponding month the previous year, amid the economic downturn caused by the prolonged COVID-19 shocks. The number of unemployed jumped by 342.2 thousand from the prior year to 723.9 thousand people while the number of employed was little-changed at 38.05 million. The activities which employed more people were services and trade (17.45 million), agriculture (12.13 million), and manufacturing (8.47 million). The youth unemployment rate soared to 8 percent in August from 4.9 percent in the same month a year earlier.

Unemployment Rate in Thailand averaged 1.40 percent from 2001 until 2020, reaching an all time high of 5.73 percent in January of 2001 and a record low of 0.39 percent in November of 2012. This page provides the latest reported value for - Thailand Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Thailand Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020. source: Bank of Thailand

Unemployment Rate in Thailand is expected to be 1.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Thailand to stand at 1.80 in 12 months time. In the long-term, the Thailand Unemployment Rate is projected to trend around 1.90 percent in 2021 and 1.50 percent in 2022, according to our econometric models.

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Thailand Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.90 2.10 5.73 0.39 2001 - 2020 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-02-06 03:00 AM Dec 1.0% 1.1% 1.0%
2020-03-09 04:00 AM Jan 1.1% 1.0% 1.1%
2020-03-26 02:00 AM Feb 1.1% 1.1% 0.9%
2020-04-24 01:00 AM Mar 1.0% 1.1% 1.3%


News Stream
Thailand Jobless Rate Surges to 1.9% in August
The unemployment rate in Thailand surged to 1.9 percent in August of 2020 from 1 percent in the corresponding month the previous year, amid the economic downturn caused by the prolonged COVID-19 shocks. The number of unemployed jumped by 342.2 thousand from the prior year to 723.9 thousand people while the number of employed was little-changed at 38.05 million. The activities which employed more people were services and trade (17.45 million), agriculture (12.13 million), and manufacturing (8.47 million). The youth unemployment rate soared to 8 percent in August from 4.9 percent in the same month a year earlier.
2020-09-16
Thailand Jobless Rate Unchanged at 1% in March
The unemployment rate in Thailand came in at 1% in March of 2020, the same as in the corresponding month the previous year. The number of unemployed increased by 45.3 thousand from the prior year to 391.8 thousand people while the number of employed fell by 439.3 thousand to 37.33 million. The activities which employed more people were services and trade (17.5 million), agriculture (11.28 million), and manufacturing (8.55 million). In February 2020, the jobless rate was at 1.1 percent.
2020-04-24
Thailand Jobless Rate Increases to 1.1% in February
The unemployment rate in Thailand rose to 1.1 percent in February 2020 from 0.8 percent in the corresponding month the previous year. The number of unemployed increased by 119.5 thousand from the prior year to 419.5 thousand people while the number of employed fell by 155.6 thousand to 37.63 million. The activities which employed more people were services and trade (18.08 million), agriculture (10.52 million) and manufacturing (9.03 million). In January 2020, the jobless rate was also at 1.1 percent.
2020-03-26
Thailand Jobless Rate Edges Up to 1.1% in January
The unemployment rate in Thailand inched higher to 1.1 percent in January 2020 from 1.0 percent in the corresponding month the previous year. The number of unemployed increased by 15.9 thousand from the prior year to 405.5 thousand people and the number of employed fell by 0.31 thousand to 37.18 million. The activities which employed more people were services and trade (18.02 million), agriculture (10.23 million) and manufacturing (8.93 million). In December 2020, the jobless rate was at 1.0 percent.
2020-03-09

Thailand Unemployment Rate
In Thailand, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.