Thailand’s unemployment rate hit a three-year low in the first quarter, the state planning agency said on Monday, declining to 1.05% from 1.15% in the last three months of 2022 as recovery in the crucial tourism industry strengthened.
Southeast Asia’s second-largest economy grew faster than expected in the first quarter, driven by the continued pickup in the travel sector, a key source of jobs that was decimated by the pandemic.
Employment increased 2.4% in January-March from a year earlier, up from a 1.5% rise in the previous three months, the National Economic and Social Development Council (NESDC) said in a statement.
The jobless rate in January-March, with 420,000…
