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'Thai unemployment at nearly 10 per cent' due to Covid-19


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'Thai unemployment at nearly 10 per cent' due to Covid-19

By THE NATION

 

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The unemployment rate of Thai people in Bangkok and nearby provinces increased to 9.6 per cent due to the impact of Covid-19 and the lockdown measures, Kasikorn Research Centre said.

 

The research was conducted from May 21 and 28, the centre said.

 

The centre revealed that 61.4 per cent of researched people were unemployed due to the virus crisis and lockdown measures. The other 38.6 per cent were unemployed due to other reasons.

 

The unemployment rate would hit its highest point in the second quarter, before gradually decreasing in the latter part of this year when the state of emergency is relaxed and if a second Covid-19 wave does not happen.

 

Some 6.4 per cent of employed persons said that their companies would possibly close down due to the pandemic, while another 17.4 per cent informed that they could lay off staff in this situation and they would be included.

 

Most households facing the threat of unemployment earned lesser than Bt20,000 per month, the research centre added.

 

The researchers, furthermore, found that 95.5 per cent of researched households have been affected by the social distancing. Among them, 52.5 per cent had lower earnings.

 

The centre said that 25.4 per cent of people wanted the government to stimulate and help the economy recover, after the remedial measures implemented previously end.

 

Source: https://www.nationthailand.com/news/30389095

 

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-- © Copyright The Nation Thailand 2020-06-05
 
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6 minutes ago, Kerryd said:


When it comes to "numbers" in Thailand, take them with a grain of salt. A lot of numbers are "massaged" to make them look better (or not as bad) as the situation dictates.
 

Not only Thailand, but all of them, and especially China and the US. 

 

The first analysis from the US employment miraculous report are coming: what a load of BS! 

 

The BLS, which prepares the report, has already admitted an "error" that, if corrected, would move the unemployment rate by 3%!!!

 

And that's not all... 

 

These massaged (fake) stats are totally worthless. 

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18 hours ago, JusticeGB said:

Amazing the official statistics of the unemployment in Thailand showed an unemployment rate of only 1% in March 2020. Obviously something wrong somewhere!

Thai unemployment has been around the 1% mark for decades. I saw a speech by Aphisit to combined chambers of commerce while he was PM. The regional chief economist at ING asked him how Thailand would power the growth he forecast when there was nobody to fill the roles. It's been well known for years that Thailand faces a choice to open up to immigrant workers or to automate various processes so that those employees can do other tasks that are harder to automate. The lack of automation and the belief that throwing people at a problem has been a restriction on growth here since the early naughties.

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19 hours ago, JusticeGB said:

Amazing the official statistics of the unemployment in Thailand showed an unemployment rate of only 1% in March 2020. Obviously something wrong somewhere!

I was thinking exactly the same. From literally no unemployment to 10 percent is a big jump for two months time.

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Well if that's true it certainly hasn't affected anyone's mentality up here in CM. Been trying to find a staff for our shop for over a month now. 2 out of 3 times the person never shows up. Sends in their papers, have a chat on the phone, make an interview appointment, then on the day - no show. Don't pick up phone. The few who do show up never even read the listing - no English, no necessary qualifications, didn't even look at the company website. Waste of time.

But if you talk to people - "Oh times are so rough! This government is sooo baaad!". Yeah yeah. Looking online rents are still as high as they were before. Adaptation ability or willingness to change = 0.

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