Jobless numbers increase and could go higher : NESDB
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Unemployment rate has been rising partly in the wake of the 2011 flood crisis and the 2012 sharp hike in the minimum daily wage, NESDB's secretary general Arkhom Termpittayapaisith said Monday.
“Investment and manufacturing facilities have not expanded because of the hike in the minimum daily wage, which took effect in April,” he said.
The 2011 flood crisis, meanwhile, had forced many businesses to close down or suspend their operations.
“Many businesses are still unable to resume manufacturing,” Arkhom said.
He said that investors’ concerns about the Eurosovereign debt crisis also played a role.
According to the NESDB, the unemployment rate in Thailand soared to 0.85 per cent in the second quarter of this year, up from 0.6 per cent during the same period last year.
