According to the latest figures from Thailand's National Statistical Office, the country's unemployment rate continues to decline, a sign of an improving economic situation. By the end of February 2023, the unemployment rate was 0.9%, lower than last year. At the same time, 40.49 out of 58.81 million people over 15 years of age are of working age.
However, despite the positive trends, the Thai economy still needs support. As in other countries, the impact of the COVID-19 pandemic on the Thai economy has been felt quite acutely. One of the main levers that can contribute to the growth of employment in the country is the development of small and medium-sized businesses.
The Thai government has already developed a number of measures to support businesses, including concessional lending programs, wage subsidies and others. Also, an important aspect is the professional development and training of the population. In this context, the State of Thailand is actively developing programs to improve the skills and rehabilitation of migrants so that they can successfully integrate into the labor market.
In general, the Thai economy continues to show positive trends, but needs constant support from the government and the business community to achieve sustainable growth and development.
