NESDB expects COVID-19 to cause job losses
Dec 26, 2023 11:13:30 GMT
Post by account_disabled on Dec 26, 2023 11:13:30 GMT
The National Economic and Social Development Council (NESDB) or NESDB announced the social situation in the first quarter of 2020. Dr. Thotsaporn Sirisamphan, Secretary-General of NESDB, said that for the first quarter the unemployment rate was still low at 1.03 percent, increasing from 0.92 percent from the same period last year. And there were 448,050 people who were latently unemployed, accounting for a latent unemployment rate of 1.2 percent, an increase of 17.7 percent from the same period last year. At the same time, employment showed signs of continued decline and labor wages increased at a slower rate. There were 37,424,214 people employed, a decrease of 0.7 percent from the same period last year due to a 3.7 percent decrease in agricultural employment, which was affected by the severe and continuous drought problem since the middle of the year.
Non-agricultural employment continued to expand slightly at 0.5 percent from the expansion of employment in the hotel and restaurant sector. and the field of education. In addition, real wages in the private sector Telegram Number Data increased by 3.2 percent, labor productivity decreased by 1.0 percent, a decrease from both the agricultural and non-agricultural sectors. Signs of working hours decreasing - Covid is expected to cause 8.4 million people to lose their jobs. The spread of Covid-19 It has not yet shown much impact on the number of employment in the service sector related to tourism. Partly because during January - early March COVID-19 outbreak Still limited in some areas And entrepreneurs are still waiting to see the impact situation. However, there are signs of impact from the COVID-19 outbreak. per employment is Average working hours in the private sector decreased to 42.8 hours/week from 43.5 hours/week in the same period last year. Those working more than 50 hours/week decreased by 9.0 percent.
In addition, there were 570 establishments that requested to use Section 75 to temporarily shut down their businesses, and there were 121,338 workers who had to stop working but still received a salary. People, if you look ahead COVID-19 outbreak From the assessment of the impact of COVID-19 on workers, it was found that 8.4 million workers are at risk of being laid off, divided into 3 groups of workers, including workers in the tourism sector, which has approximately 3.9 million people (excluding trade fields Wholesale and retail) will be affected by the decrease in foreign tourists. and domestic tourism, approximately 2.5 million people, workers in the industrial sector which will be affected from before COVID-19 from the trade war and continued until the spread of COVID-19 Due to the decrease in both domestic and international demand, however, some industries that produce products for sale within the country are still able to expand, such as the food industry.
Non-agricultural employment continued to expand slightly at 0.5 percent from the expansion of employment in the hotel and restaurant sector. and the field of education. In addition, real wages in the private sector Telegram Number Data increased by 3.2 percent, labor productivity decreased by 1.0 percent, a decrease from both the agricultural and non-agricultural sectors. Signs of working hours decreasing - Covid is expected to cause 8.4 million people to lose their jobs. The spread of Covid-19 It has not yet shown much impact on the number of employment in the service sector related to tourism. Partly because during January - early March COVID-19 outbreak Still limited in some areas And entrepreneurs are still waiting to see the impact situation. However, there are signs of impact from the COVID-19 outbreak. per employment is Average working hours in the private sector decreased to 42.8 hours/week from 43.5 hours/week in the same period last year. Those working more than 50 hours/week decreased by 9.0 percent.
In addition, there were 570 establishments that requested to use Section 75 to temporarily shut down their businesses, and there were 121,338 workers who had to stop working but still received a salary. People, if you look ahead COVID-19 outbreak From the assessment of the impact of COVID-19 on workers, it was found that 8.4 million workers are at risk of being laid off, divided into 3 groups of workers, including workers in the tourism sector, which has approximately 3.9 million people (excluding trade fields Wholesale and retail) will be affected by the decrease in foreign tourists. and domestic tourism, approximately 2.5 million people, workers in the industrial sector which will be affected from before COVID-19 from the trade war and continued until the spread of COVID-19 Due to the decrease in both domestic and international demand, however, some industries that produce products for sale within the country are still able to expand, such as the food industry.