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

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9 minutes ago, Brunolem said:

Pimp business going public?

Haters gonna hate.

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Should this read 10% IN EMPLOYMENT........LOL

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They will all soon be gainfully employed, watching rice grow!

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The people that makes up the numbers, were they all legit tax paying employees or does the numbers include those why are paid cash in hand "off the books" ?

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Many countries would be delighted with just a 10% unemployment rate.

 

Most of those in my village were unemployed (and unemployable) long before Covid-19 came along.

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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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In other news, the baht continues to climb against the dollar.. Sigh

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3 minutes ago, tonray said:

In other news, the baht continues to climb against the dollar.. Sigh

Or maybe it is the other way round...the baht is not doing so well against the euro...

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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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