Economics
Thai Jobless Rate Jumps to the Highest Since 2005 on Covid Hit
Buildings illuminated in the Sathorn district of Bangkok.
Photographer: Brent Lewin/BloombergThis article is for subscribers only.
Thailand’s unemployment rose to its highest level in more than 16 years after the worst wave of Covid-19 outbreak to hit the nation decimated jobs in the third quarter.
The Southeast Asian nation had 870,000 unemployed people at the end of September, representing a 2.25% jobless rate, according to the National Economic and Social Development Council. It’s the worst showing since 2005 and is higher than the 1.89% posted in the second quarter, official data showed.