While the labour market made a tentative recovery, working hours in November were still below the same period of 2019. The situation started to improve in the third quarter, with employers adding nearly 850,000 net jobs during the period, with a continuing push into November. Private sector wages declined by 1.6%, largely in the agricultural sector. In the first half of 2020, Thailand recorded 340,000 net job losses, with reduced working hours of around three hours for women and two hours for men. This reduced the income of Thais," he said. "The outbreak affected the Thai labour market significantly, particularly during the first half of last year, which led to higher unemployment and more underemployed workers. The World Bank defines the poverty line at daily income of US$5.50 (165 baht) per person. Thailand's poverty ratio is expected to increase to 8.8% in 2020, up from 6.2% in 2019, before reducing to 8.4% this year, according to the global lender. The number of poor people is expected to decline to 5 million in 2021 because of a recovery in employment as the economy is expected to eventually rebound, said Mr Kiatipong. Thailand's poor totalled 3.7 million in 2019 and the tally was expected to rise to 5.2 million in 2020, attributed mainly to adverse effects from the pandemic crisis, said Kiatipong Ariyapruchya, senior economist for Thailand at the World Bank. A student sells miang kham packets at the Siam skytrain station during the school break to pay for his tuition. (Photo by Apichit Jinakul)Īround 1.5 million Thais were estimated to enter into poverty in 2020 due to the pandemic, says the World Bank.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. Archives
January 2023
Categories |