The unemployment rate in Thailand increased to 1.5 percent in December of 2020 from 1 percent in the corresponding month the previous year, amid the economic downturn caused by the prolonged COVID-19 shocks. The number of unemployed increased by 222.7 thousand from the prior year to 589.7 thousand people while the number of employed were up by 1.10 million to 38.76 million. The activities which employed more people were services and trade (19.89 million), agriculture (13.48 million), and manufacturing (5.42 million). source: Bank of Thailand
Unemployment Rate in Thailand averaged 1.41 percent from 2001 until 2020, reaching an all time high of 5.73 percent in January of 2001 and a record low of 0.39 percent in November of 2012. This page provides the latest reported value for - Thailand Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Thailand Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.
Unemployment Rate in Thailand is expected to be 2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Thailand to stand at 1.90 in 12 months time. In the long-term, the Thailand Unemployment Rate is projected to trend around 1.90 percent in 2022 and 1.50 percent in 2023, according to our econometric models.