Unemployment in Thailand

Thailand Unemployment | Economic News & Forecasts

Thailand - Unemployment

The economy decelerated markedly in Q1 2019 as political uncertainty undermined domestic demand, despite low unemployment and muted inflationary pressures. The external sector also dragged on the economy, with exports contracting at the sharpest rate in over seven years. Second quarter data, meanwhile, sent mixed signals. Private consumption growth continued to slow in April amid increased consumer pessimism, and exports declined again in the same month. However, the manufacturing sector seemingly strengthened: PMI data showed a stronger improvement in operating conditions in April–May, while indsutrial output rebounded in April from a weak first quarter. In the political arena, Prayuth Chan-o-cha was officially sworn in as prime minister on 11 June; however, a weak majority and political fragmentation will likely hinder policymaking.

Thailand - Unemployment Data

2013  2014  2015  2016  2017  
Unemployment Rate0.6  0.6  0.7  0.8  1.0  

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Thailand Unemployment Chart

Thailand Unemployment
Note: Unemployment in % of active population.
Source: Bank of Thailand and FocusEconomics calculations.

Thailand Facts

Bond Yield1.970.0 %Jul 11
Exchange Rate30.570.17 %Jul 11
Stock Market1,740-1.41 %Jul 11

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