Thailand's Unemployment Rate is a Ridiculously Low 0.6%. Here's Why
The country's aging population isn't the only reason
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0.56 percent. That's Thailand's official unemployment rate as of end-2014. It's among the lowest in the world, and compares with 9.4 percent in India and 6 percent in the Philippines in the region.
This is not a recent phenomenon: Thailand's jobless rate has held below 1 percent for the most part since 2011. The record high was 5.73 percent in Jan. 2001, when the National Statistical Office first began releasing the data every month. How did it get so low?