Unemployment awaits 150,000

About 150,000 new graduates, mostly from vocational colleges, will probably remain jobless, with the Thai economy expected to grow by only 2.5-2.7% this year, according to the Thailand Development Research Institute (TDRI).

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However, there is an unfulfilled demand for skilled workers in the automotive and electronic industries.

Yongyuth Chalamwong, TDRI’s labour development research director, said on Friday that gross domestic product is likely to expand by only 2.5-2.7% this year. This means the unemployment rate will probably rise from 0.8% last year to 1-1.2% this year, and the number of working-age jobless  increase from about 300,000 to 450,000.

The slow economic growth would have a direct impact on job creation.

“If the economic growth is limited, about 150,000 new graduates may be left jobless. About 50,000 would be  graduates with a bachelor degrees and about 100,000 vocational graduates with vocational and high vocational certificates,” Mr Yongyuth said.

Graduates in the field of television would be in high demand in the next few years because many digital TV stations were being launched. New graduates were also helping labour shortage problems in sectors such as small-busines and labour-intensive industries.

The automotive and electronic industries still needed a large number of skilled workers, Mr Yongyuth added.

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