Story perspectives

Thailand Faces Rising Unemployment Amid Shift to Part-Time Jobs

8/26/2025

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Summary

Story summary

Thailand's NESDC warns of rising unemployment due to businesses shifting from full-time to part-time and contract roles.
A 2024 survey shows over 25% of companies plan to reduce staff; part-time roles may rise from 6% in 2022 to 42% in 2024.
Labor shortages are worsened by Cambodian workers returning home, prompting Thailand to seek foreign labor.
Economic pressures include artificial intelligence, competition, and e-commerce growth, according to economist Assoc Prof Dr Somjai Phagaphasvivat.
NESDC considers the labor situation manageable but cautions about potential increases in work-related hazards.

History

Historical Context

The 1997 Asian Financial Crisis triggered widespread economic restructuring in Southeast Asia, notably in Thailand, where unemployment peaked at 4.5%. This historical event set a precedent for labor market shifts, as current trends show over 25% of Thai companies planning staff reductions and a rise in part-time roles from 6% in 2022 to 42% in 2024, reflecting ongoing economic challenges.

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Story summary

Thailand's NESDC warns of rising unemployment due to businesses shifting from full-time to part-time and contract roles.
A 2024 survey shows over 25% of companies plan to reduce staff; part-time roles may rise from 6% in 2022 to 42% in 2024.
Labor shortages are worsened by Cambodian workers returning home, prompting Thailand to seek foreign labor.
Economic pressures include artificial intelligence, competition, and e-commerce growth, according to economist Assoc Prof Dr Somjai Phagaphasvivat.
NESDC considers the labor situation manageable but cautions about potential increases in work-related hazards.

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