🎁 💸 Warren Buffett's Top Picks Are Up +49.1%. Copy Them to Your Watchlist – For FreeCopy Portfolio

Thailand's employment growth drops in Q2 as economy slows

Published 08/27/2023, 10:24 PM
Updated 08/27/2023, 10:26 PM
© Reuters. FILE PHOTO: A view of the port of Bangkok, Thailand May 26, 2016.  REUTERS/Jorge Silva/File Photo
USD/THB
-
SETI
-

BANGKOK (Reuters) - Thailand's employment in the second quarter rose 1.7% from a year earlier, slowing from a 2.4% increase in the previous three months, the state planning agency said on Monday, as economic growth slowed.

Southeast Asia's second-largest economy grew 1.8% in the April-June period year-on-year and 0.2% quarter-on-quarter, slowing sharply from the first quarter as weaker exports and investment undercut tourism strength.

Thailand's jobless rate was at 1.06% in the April-June period versus 1.05% in January-March, the National Economic and Social Development Council (NESDC) said in a statement.

The jobs growth was mainly in the tourism and construction sectors, it said.

Thailand's definition of unemployment is narrow, however, and only counts as jobless those who do not work a single hour in a surveyed week.

© Reuters. FILE PHOTO: A view of the port of Bangkok, Thailand May 26, 2016.  REUTERS/Jorge Silva/File Photo

Analysts say the figures do not catch Thailand's significant unofficial economy.

In the second quarter of 2023, Thailand had a workforce of 39.7 million, the planning agency said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.