More jobs seen as Thailand's unemployment rate drops

THAILAND: The country’s unemployment rate in the fourth quarter of 2021 fell to its lowest level since the pandemic began. With restrictions now beginning to ease, the government has said even more jobs should be becoming available soon.

Thailand’s unemployment rate declined to 1.64% in the last quarter of last year, representing 630,000 jobless workers, down from 2.25% in the previous quarter. This was the lowest since the 1.03% rate recorded in the first quarter of 2020, just before the Covid-19 pandemic crippled the country’s economy.

Although the country’s definition of "unemployed" is narrow and only counts those who do not work a single hour in a surveyed week, National Economic and Social Development Council deputy head Jinanggoon Rojanan said the reopening of the economy had helped with the labour situation.

Moreover, the impact of the Omicron variant has not been significant, and allowed economic activity to continue more freely in the country.

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