Thai Jobless Rate May Rise to as High as 2.3% on Flood

(Corrects nine-month unemployment rate in second paragraph.)

Thailand’s unemployment rate may climb to 1.8 percent to 2.3 percent in the fourth quarter because of widespread flooding, the National Economic and Social Development Board said in Bangkok today.

The jobless rate will recover in the first quarter and return to a normal state in the second quarter as manufacturing resumes, it said. In the first nine months, the unemployment rate stood at 0.7 percent, the agency said.

To contact the reporter on this story: Supunnabul Suwannakij in Bangkok at ssuwannakij@bloomberg.net

To contact the editor responsible for this story: Stephanie Phang at sphang@bloomberg.net

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