FX.co ★ Thailand Q3 Jobless Rate Drops Despite Economic Contraction

Thailand's unemployment rate decreased to 0.76% in the third quarter of 2025, down from 0.88% in the previous quarter, marking the second consecutive decline, according to a statement by the National Economic and Social Development Council. This represents the lowest unemployment level since the final quarter of 2014, indicating a slight uptick in labor demand despite the fragile state of the broader economy. However, employment fell by 0.5% following a minimal increase of 0.02% in the second quarter, highlighting underlying economic weaknesses. The reduction in unemployment occurred even amid a contraction in quarterly GDP, pointing to resilience in the labor market, bolstered by seasonal hiring and momentum under the new leadership of Prime Minister Anutin Charnvirakul.