Thailand’s unemployment rate has hit its highest level in five years, according to job search platform JobsDB.
The job portal said the Covid-19 pandemic drove the unemployment rate up to 1.96% for the first half of 2021, with the IT sector recording the greatest number of job opportunities compared to any other sector.
JobsDB Thailand country manager Pornladda Dathratwibul said the fourth wave of the pandemic severely impacted the job market, evident by recruiting in the wholesale and retail sectors decreasing 23% between May and July this year.
“Food and beverage (F&B) and catering jobs dropped 18.8%, while jobs in the manufacturing sector fell 16.9%,” she said.
Pornladda added that Jobs DB data has seen the average number of applications for each vacancy rise to 80.
“The IT sector had the highest proportion of job postings on the portal at 9.6% for the first half of 2021, followed by manufacturing at 6.2%, wholesale and retail at 5.5% and financial services at 5.4%,” she noted.
“However, the job demand for both digital job-seeking platforms and other online channels recovered, increasing 6.7% when compared with the second half of 2020.”
In terms of increase in job postings for the first half of 2021 compared to the last half of 2020, the biggest upsurge at 52.6% was seen for job opportunities in the electronics and electrical (E&E) sector.
This was followed by insurance with an increase of 48%, manufacturing with an increase of 41.7%, property development at 36.8%, and opportunities in financial services, which grew by 36.6%.
Pornladda added only postings in the IT sector, trading and telecommunications saw an increase of 0.7%, 0.9% and 14.3% respectively.