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Economy

Thai Q3 unemployment at 16-year high as COVID squeezes economy

Jobless rate jumped to 2.25% in the quarter, meaning 870,000 workers without work

The Grand Palace in Bangkok on Nov. 2. Thailand earlier this month reopened to vaccinated foreign visitors without quarantine requirements, in a bid to restart its important tourism sector.   © Reuters

BANGKOK (Reuters) -- Thailand's unemployment rate hit a more than 16-year high in the third quarter, as tougher coronavirus restrictions hit economic activity and jobs, the state planning agency said on Monday.

The curbs were eased from September, however, and the Southeast Asian country earlier this month reopened to vaccinated foreign visitors without quarantine requirements, in a bid to restart its important tourism sector.

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