The unemployment rate in Thailand edged down to 0.9 percent in December of 2018 from 1.0 percent in the corresponding month of the preceding year. It was the lowest jobless rate since December 2016, as the number of unemployed decreased by 15 thousand from the prior year to 349.4 thousand people, while the number of employed rose by 675 thousand to 37.87 million. In November 2018, the jobless rate was at 1.0 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.