The unemployment rate in Thailand inched higher to 1.1 percent in November 2019 from 1 percent in the corresponding month of the previous year. The number of unemployed increased by 60.2 thousand from the prior year to 429.3 thousand people and the number of employed rose 0.55 thousand to 37.71 million. The activities which employed more people were agriculture (11.9 million), manufacturing (6.12 million), accommodation (2.8 million), and construction (2.15 percent). In October 2019, the jobless rate was lower at 0.9 percent.
Unemployment Rate in Thailand averaged 1.41 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. 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. source: Bank of Thailand
Unemployment Rate in Thailand is expected to be 1.00 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 1.20 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.