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Unemployment figures better than expected, says labour minister

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Based on H1 numbers. Right. Wait for year end.

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ooooooh....you just wait!

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9 minutes ago, JusticeGB said:

The University of the Thai Chamber of Commerce estimated in April that about 10m Thais in the tourism industry would be unemployed by the end of June if the epidemic hadn't been ended by then. 

No they didn't:

The University of the Thai Chamber of Commerce estimated that up to 6 million people in the sector would end up unemployed,

 

https://www.khaosodenglish.com/news/business/2020/04/29/mass-unemployment-looms-for-thai-tourism-sector-un/

 

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1 hour ago, JusticeGB said:

The University of the Thai Chamber of Commerce estimated in April that about 10m Thais in the tourism industry would be unemployed by the end of June if the epidemic hadn't been ended by then. At the end of April 4m people in the tourism industry had lost their jobs. So this 2m figure has been plucked out of a hat. The 10m figure was only for the Thais employed in the tourism industry!

Do they count the self-employed in the tourism industry? 

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He left off the zeros.

He probably thinks tourism is down 20 percent as well.

 

 

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4 hours ago, webfact said:

The total number of unemployed people in the country was around 2 to 3 million, according to the Office of the National Economic and Social Development Council,

So they don't really know.... or refuse to say!

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Posted (edited)
3 hours ago, Grumpy John said:

Really!  Only 2 or 3 million. It takes guts to lie so obviously and blatantly....or is just that he is counting those who have social security???  

Spot on, I think. And of course, many lower paid Thai workers aren't in the social security system. Thats also why they always in the past have come up with these less than 1% unemployment figures.

Edited by madmitch
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26 minutes ago, madmitch said:

Spot on, I think. And of course, many lower paid Thai workers aren't in the social security system. Thats also why they always in the past have come up with these less than 1% unemployment figures.

I'm afraid you're right. 

So, once again :

Do those self-employed "informal" workers outside the social security system count as unemployed if they lose their jobs? 

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