The unemployment rate in Thailand inched higher to 1.1 percent in May 2019 from 1.0 percent in the corresponding month of the preceding year. The number of unemployed increased by 24 thousand from the prior year to 426 thousand people, while the number of employed fell by 330 thousand to 37.64 million. The activities which employed more people were agriculture (10.83 million), manufacturing (6.51 million), wholesale (6.41 million), accommodation (3.05 million) and construction (2.35 million). In April 2019, the jobless rate was at 1.0 percent. Unemployment Rate in Thailand averaged 1.42 percent from 2001 until 2019, 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.
Unemployment Rate in Thailand is expected to be 0.90 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 1.00 in 12 months time. In the long-term, the Thailand Unemployment Rate is projected to trend around 1.50 percent in 2020, according to our econometric models.