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UNEMPLOYMENT

Unemployment to hit 900,000-1.3 million



The National Economic and Social Development Board expected the unemployment to rise in 2009, following the report that 17,474 workers lost their jobs during the first two months of this year.

 At the end of last year, the unemployment stood at 510,000, up 90,000 from the previous year.

 Suwannee Khamman, deputy secretary-general of the economic think tank, said unemployment tends to rise as most business operators revise down the production capacity in line with the domestic and international market conditions.

 "Based on the economic growth forecast of minus 1 to zero per cent, additional 500,000 workers would lose thier jobs. This exclude another 200,000-300,000 fresh graduates who would find it difficult to find jobs. Totally, the unemployment could rise to 2.5-3.5 per cent of workforce, or 900,000-1.3 million workers," she said. 



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