The unemployment rate in Thailand declined to 1 percent in September of 2018 from 1.2 percent in the corresponding month of the preceding year. The number of unemployed decreased by 70 thousand from the prior year to 373 thousand people, while the number of employed rose by 700 thousand to 37.95 million. In August 2018, the jobless rate also stood at 1 percent. Unemployment Rate in Thailand averaged 1.43 percent from 2001 until 2018, reaching an all time high of 5.73 percent in January of 2001 and a record low of 0.39 percent in November of 2012.
Unemployment Rate in Thailand is expected to be 1.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Thailand to stand at 1.10 in 12 months time. In the long-term, the Thailand Unemployment Rate is projected to trend around 1.10 percent in 2020, according to our econometric models.