Unemployment expected to rise by three or four times

MONDAY, NOVEMBER 28, 2011
Unemployment expected to rise by three or four times

The flood disaster is expected to have a dramatic impact on the labour market with the number of unemployed rising by three to four times.

 

The Office of the National Economics and Social Development Board (NESDB) said Monday that Thailand had 260,000 people out of work in the third quarter of this year and the flood had significantly affected workers’ quality of life.
The unemployment rate was expected to increase to 700,000-920,000 people, with household debts also rising.
The Nation