webfact Posted May 28, 2020 Share Posted May 28, 2020 Thailand may lose 2 million jobs due to coronavirus - planning agency FILE PHOTO: General view of the almost empty Khaosan Road, which is usually crowded with tourists, during the outbreak of the coronavirus disease (COVID-19) in Bangkok, Thailand, May 22, 2020. Picture taken May 22, 2020. REUTERS/Athit Perawongmetha BANGKOK (Reuters) - Thailand may lose up to 2 million jobs this year, particularly in the tourist industry, as the novel coronavirus outbreak undermines economic activity, the state planning agency said on Thursday. About 8.4 million people are at risk of losing their jobs - 2.5 million in the tourist sector, 1.5 million in the industrial sector and 4.4 million in other parts of the service sector, Thosaporn Sirisumphand, head of the National Economic and Social Development Council, told a briefing. "But government relief measures and ones to rebuild the economy as well as the reopening of businesses in May will help increase jobs," he said. The expected jobless rate of 3%-4% this year - compared with about 1% normally - would be around a level seen during the 1997/98 Asian financial crisis, Thosaporn said. "That is based on an assumption that the outbreak situation can be controlled from May, which will spur economic activity" he said. In the first quarter, the jobless rate was 1.03%, up from 0.92% in the same period a year earlier. The agency predicts Southeast Asia’s second-largest economy will shrink 5%-6% this year, due to the outbreak, which has infected 3,054 people in the country. (Reporting by Orathai Sriring, Kitiphong Thaichareon and Satawasin Staporncharnchai; Editing by Robert Birsel) -- © Copyright Reuters 2020-05-28 - Whatever you're going through, the Samaritans are here for you - Follow Thaivisa on LINE for breaking COVID-19 updates Link to comment Share on other sites More sharing options...
Popular Post bloodyholly Posted May 28, 2020 Popular Post Share Posted May 28, 2020 That’s 2 million in the tourist sector alone 2 1 Link to comment Share on other sites More sharing options...
Popular Post Bender Rodriguez Posted May 28, 2020 Popular Post Share Posted May 28, 2020 the thailand claiming zero percent unemployment ... they did it to themselves... sweden, no lockdown, some old people died, a bit more than flu season economy alive & well, no lockdown, no job loss, no dead economy ... 5 Link to comment Share on other sites More sharing options...
Isaan sailor Posted May 28, 2020 Share Posted May 28, 2020 Since they’ve crucified the USD (down 3% in just 30 days) I can’t say I’m surprised. And if they keep pounding it down—expect even more job losses. China can’t save the Thai economy. Link to comment Share on other sites More sharing options...
Cake Monster Posted May 28, 2020 Share Posted May 28, 2020 The Thai job losses are going to stretch well into next year. Tourism is decimated, and wont return like it was ( ever ), so I estimate about 2 Million Jobs there, and only yesterday Manufacturing was reported down in April by 17 %, the first signs of a slowing Global demand on Thai Manufactured Products, so an estimate of another 2.5 MIllion across this sector. Add to this the loss of Jobs from Companies that will relocate their operations out of Thailand and the total is going to be nearer 5 Million Tough times ahead for Thailand, and a lot of other Nations that rely heavily upon Tourism and Manufacturing. 2 Link to comment Share on other sites More sharing options...
Andrew65 Posted May 28, 2020 Share Posted May 28, 2020 Who believes their fantasy of a 1% unemployment rate? Link to comment Share on other sites More sharing options...
finnishmen Posted May 28, 2020 Share Posted May 28, 2020 and if foreigns and expats end all busines in thailand thailand lose 7 million jobs more, if not change visa law normal human system ,future foreigns end all busines in thailand and then thailand have big big problem no money,no jobs, no live all thai peoples, hahahaha. newermind, stupid goverment made all this. 1 Link to comment Share on other sites More sharing options...
davemos Posted May 28, 2020 Share Posted May 28, 2020 Not sure that only 2 million were employed by the tourist industry .That was 41% of GDP in thailand 1 Link to comment Share on other sites More sharing options...
J Town Posted May 28, 2020 Share Posted May 28, 2020 4 hours ago, Bender Rodriguez said: the thailand claiming zero percent unemployment ... they did it to themselves... sweden, no lockdown, some old people died, a bit more than flu season economy alive & well, no lockdown, no job loss, no dead economy ... I don't know where you get YOUR info. Sweden is starting to realize they screwed up. https://www.businessinsider.com/sweden-coronavirus-per-capita-death-rate-among-highest-2020-5 1 Link to comment Share on other sites More sharing options...
J Town Posted May 28, 2020 Share Posted May 28, 2020 3 hours ago, Isaan sailor said: Since they’ve crucified the USD (down 3% in just 30 days) I can’t say I’m surprised. And if they keep pounding it down—expect even more job losses. China can’t save the Thai economy. Really? I've seen the USD holding steady between 30 and 32 baht per dollar over the last year, not even a 1% fluctuation. https://www.xe.com/currencyconverter/convert/?Amount=1&From=USD&To=THB 1 Link to comment Share on other sites More sharing options...
Deli Posted May 28, 2020 Share Posted May 28, 2020 4 hours ago, Bender Rodriguez said: the thailand claiming zero percent unemployment ... they did it to themselves... sweden, no lockdown, some old people died, a bit more than flu season economy alive & well, no lockdown, no job loss, no dead economy ... And hardly any Chinese visitors around. Lucky people Link to comment Share on other sites More sharing options...
J Town Posted May 28, 2020 Share Posted May 28, 2020 Just now, Deli said: And hardly any Chinese visitors around. Lucky people Chinese know first hand what happens if you don't quarantine. As I recently posted, Sweden is waking up to the realization they made a mistake. 1 1 Link to comment Share on other sites More sharing options...
Deli Posted May 28, 2020 Share Posted May 28, 2020 2 million only ? Never ever. If they double the figure, I think it's still too positive. Bring down the THB to 50:1 for the Euro and to the GBP and it might help. Link to comment Share on other sites More sharing options...
Blumpie Posted May 28, 2020 Share Posted May 28, 2020 44 minutes ago, davemos said: Not sure that only 2 million were employed by the tourist industry .That was 41% of GDP in thailand It's 15 percent with 5 percent spinoff, not 41 percent. Link to comment Share on other sites More sharing options...
Blumpie Posted May 28, 2020 Share Posted May 28, 2020 6 minutes ago, J Town said: Chinese know first hand what happens if you don't quarantine. As I recently posted, Sweden is waking up to the realization they made a mistake. USA owes about another 80k deaths so far too. That's a best case scenario. So 180k but I think it may be much more. 1 Link to comment Share on other sites More sharing options...
Traubert Posted May 28, 2020 Share Posted May 28, 2020 3 hours ago, Isaan sailor said: Since they’ve crucified the USD (down 3% in just 30 days) I can’t say I’m surprised. And if they keep pounding it down—expect even more job losses. China can’t save the Thai economy. Yes it can and it will. The dollar isnt worth much in these parts. Link to comment Share on other sites More sharing options...
Isaan sailor Posted May 28, 2020 Share Posted May 28, 2020 15 minutes ago, J Town said: Really? I've seen the USD holding steady between 30 and 32 baht per dollar over the last year, not even a 1% fluctuation. https://www.xe.com/currencyconverter/convert/?Amount=1&From=USD&To=THB Apparently, you missed USD @ 33.06 vs Baht. I capitalized on it. Anyway, that makes 3% easily. 1 Link to comment Share on other sites More sharing options...
Traubert Posted May 28, 2020 Share Posted May 28, 2020 17 minutes ago, Isaan sailor said: Apparently, you missed USD @ 33.06 vs Baht. I capitalized on it. Anyway, that makes 3% easily. 'Course it does. ???? 1 Link to comment Share on other sites More sharing options...
hotchilli Posted May 28, 2020 Share Posted May 28, 2020 12 hours ago, Andrew65 said: Who believes their fantasy of a 1% unemployment rate? Prayut! Link to comment Share on other sites More sharing options...
Andrew65 Posted May 29, 2020 Share Posted May 29, 2020 7 hours ago, hotchilli said: Prayut! This is the number that's quoted whomever is in power. Link to comment Share on other sites More sharing options...
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