Amid a buzz of activity, job seekers flocked to ‘Job Expo Thailand 2024’ at the Queen Sirikit National Convention Center on June 28, 2024. This highly anticipated event was a hub of opportunity, networking, and aspirations, with the backdrop of some encouraging news on the employment front. (Photo: Somchai Poomlard)
Thailand’s overall unemployment rate has seen a notable drop from May to June, although there remains cause for concern in Bangkok. According to a fresh survey conducted by the National Statistical Office (NSO), the number of unemployed individuals decreased to approximately 379,000 in June, down from around 482,000 in May.
The comprehensive survey canvassed the working-age population of 59.19 million people aged 15 and older. Out of this, 40 million individuals were found capable of working in the formal sector, while the rest, such as the disabled, were excluded from this category.
Encouraging trends emerge when examining specific age groups. Unemployment among those aged 15 to 24 dropped dramatically from 7% to 5.1%. For individuals aged 25 and older, the unemployment rate dipped slightly from 0.6% to 0.5%. However, Bangkok bucked the national trend, showing an increase in unemployment rates from 12% in May to 13% in June.
Despite the general decrease in unemployment, university graduates represented the largest group of unemployed individuals, numbering 139,000. They were trailed by high school and vocational school graduates, each with around 72,000 people still seeking jobs.
Remote Work: A Growing Trend
Another interesting dimension of the employment landscape was revealed in a survey run by SEEK, an Australian online employment marketplace. The survey, which spanned 150,000 people across 180 countries, discovered a booming interest in remote work among Thai respondents. A striking 76% expressed a preference for working remotely for foreign companies while remaining in Thailand, up significantly from 50% just four years prior.
There’s more to this overseas allure. A notable 66% of Thai respondents also showed a keen interest in relocating abroad for work. They cited higher salaries, better job prospects, and the chance to experience an international work environment as the primary draws. Topping their destination wishlist were Singapore, Australia, the US, and China.
Thanks to these promising trends, Thailand has climbed in the rankings of global working destinations—from 39th in 2018 to 31st recently. High quality of life, the friendliness of locals, a culture of non-discrimination, and low living costs are among the factors that make Thailand an attractive work destination for foreigners. Currently, approximately 2.7 million foreign workers contribute to Thailand’s workforce, making up 7% of the total, according to SEEK.
These trends paint a dynamic picture of Thailand’s employment landscape. As the country navigates these changes, both job seekers and employers must maintain a pulse on these developments to harness new opportunities.
Great news about the drop in unemployment rates! But I’m worried that Bangkok’s rising unemployment might spell trouble for the capital.
Agreed, Tommy. Bangkok’s situation is concerning. The city’s infrastructure must adapt quickly to absorb the job demand.
It’s not just infrastructure, Rosie. Policy changes and incentives are needed to attract industries to the capital.
Bangkok always lagged behind the national trend. I feel like the solutions aren’t as clear-cut.
The preference for remote work is fascinating. It makes sense given today’s technology and connectivity.
Absolutely, Sophia. Remote work is no longer a perk but a necessity for many professionals.
Yes, but there’s a downside. Remote work can isolate employees and reduce team cohesion.
You’re right, Gabbie. Organizations need to find a balance to maintain team spirit.
It’s troubling that university graduates face the highest unemployment. Are our educational institutions failing to prepare students for the job market?
The issue is multifaceted, Ryan. The job market is evolving rapidly, sometimes faster than curriculums can adapt.
As a current student, I feel our programs lack practical skills. More internships and real-world projects could help.
I think the problem is less about education and more about job availability. We need more entry-level positions.
Thailand climbing in global working destination rankings is exciting! It shows the country’s improving appeal internationally.
Yeah, but a ranking isn’t everything. Quality of life varies significantly across different jobs and locations.
True, but it’s a positive shift that’s drawing more talent and investment here.
The increasing interest in working abroad is a bit worrying. We might face a brain drain if this trend continues.
Very true, James. This trend might drain our best talents to other countries.
But on the flip side, working abroad can bring back invaluable experience and skills to Thailand.
That’s a good point, Sam. Let’s hope they return home after gaining international exposure.
We should also consider the disabled who are excluded from the formal work sector. They need job opportunities too.
Good point. Inclusivity in the job market is crucial for true socio-economic progress.
I’m shocked to see such high unemployment rates among young people. We need more programs to help them transition from education to employment.
That’s why vocational training and apprenticeships are critical for bridging that gap.
The rise in interest for working remotely for foreign companies while staying in Thailand is understandable. It offers the best of both worlds.
Absolutely, Brian. Remote work offers flexibility and global exposure without the hassles of moving.
But let’s not forget, working remotely can also lead to burnout due to blurred lines between work and personal life.
The focus is too much on white-collar jobs. What about manual and labor-intensive work? That’s where there’s a real shortage.
True, and those jobs are often the backbone of our economy. They deserve more attention and innovation too.