Tue, 30 Nov 2021

BANGKOK, Nov. 23 (Xinhua) -- Thailand's unemployment rate jumped to 2.25 percent in the third quarter of this year, hitting the highest level since the start of the COVID-19 pandemic, according to a report released by the National Economic and Social Development Council (NESDC).

As the strict control measures have severely affected economic activities and job market, some 871,000 people in the country are recorded as unemployed in Q3, up from 732,000 in the previous quarter, said the report which was released on Monday.

The statistics indicated that compared to the same period in 2020, the agricultural sector's employment has increased, with 12.68 million people employed, representing a one-percent year-on-year rise due to the start of the rice-planting season. Meanwhile, non-agricultural employment fell by 1.3 percent, with the construction sector losing the most jobs, followed by the hotel and restaurant sector.

The government's planning unit also noted that for the overall labor market, there were 37.7 million employed people in Q3, a 0.6-percent decrease from the same period last year.

Thailand's household debt was 14.27 trillion baht (about 431 billion U.S. dollars) in the second quarter, representing 89.3 percent of gross domestic product, slightly down from the first quarter but remains high.

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