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Thailand’s labour market improves in Q1

The labour market of Thailand improved in the first quarter of 2023, with 98% of the labour force employed, according to the National Statistical Office (NSO).
Thailand’s labour market improves in Q1 ảnh 1People walk in Bangkok, Thailand (Photo: VNA)
Bangkok (VNA) – The labourmarket of Thailand improved in the first quarter of 2023, with 98% of the labourforce employed, according to the National Statistical Office (NSO).

Data showed that among the 58.8 million people aged15 and over, 40.3 million or 68.5% were in the labour force with 39.6million or 98% employed.

NSO Director-General Piyanuch Wuttisorn saidthe number of full-time employees working between 35-49 hours a week increasedby more than 300,000. Those working 50 hours per week increased by morethan 700,000, and the ones working less than 35 hours per week declined byabout 130,000.

Meanwhile, the number of unemployed peopledeclined to 420,000 or 1.1% in Q1, the same rate as before the COVID-19pandemic.

The long-term unemployment rate – those who havebeen unemployed for 12 months or more – has also improved, with the number droppingto 87,000 in Q1 from 113,000 in Q4 of 2022. The long-term unemployed who areholders of a bachelor's degree also decreased to 35,000, compared to 45,000 inthe previous quarter.

However, quasi-unemployment numbers increased to3.4 million in Q1 from 2.1 million in the previous quarter. Theycomprise those working less than 20 hours per week in the agricultural sectorand less than 24 hours outside this sector.

Though they still have work to do, their incomedeclines due to shorter working hours, and they are at risk of unemployment inthe future, the NSO official said.

She attributed the labour market’s improvement in Q1 partlyto the return of Chinese tourists after China’s relaxation of COVID-19 travelrestrictions./.
VNA

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