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

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.

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