BANGKOK- Thailand’s unemployment rate fell in the fourth quarter of 2020 from the third quarter, as an easing of COVID-19 curbs led to a revival in economic activity, but a recent rise in infections poses a risk, the state planning agency said.
The unemployment rate was 1.86 percent in the October-December quarter, representing 730,000 workers without jobs, agency data showed, down from 1.90 percent in the September quarter. The rate hit an 11-year high of 1.95 percent in the June quarter.
“Employment increased slightly, while the unemployment rate remained high and working hours were still lower than pre-crisis levels,” Danucha Pichayanan, head of the National Economic and Social Development Council, told a briefing.
The number of workers in Thailand’s economy rose to 38.3 million in the fourth quarter of last year from 37.9 million in the previous quarter and from 37.5 million in the final quarter of 2019. – Reuters