Fresh graduates in Thailand face historic unemployment, uncertain job prospects

Thailand has been hit by two waves of the coronavirus pandemic, causing massive disruption for the economy and decimating several sectors of the economy. These sectors, long safe bastions for employment for the newly graduated, have not been able to cope with the ramifications of the pandemic and have had to downsize, never mind hire new staff.

As a result, both fresh graduates and recruiting offices have had to traverse uncertain terrain set against the backdrop of the biggest economic recession seen in a decade.

“We took more mindful steps and adjusted the number of job vacancies down in the past year,” said Sarun Kungbunpot, the Human Resources Senior Vice-President at the Bank of Ayudhya.

Sarun said that he was especially concerned with lingering economic fallout and the long term damage it was doing to the workforce.

He said the company has been focusing on productivity and retaining the financial liquidity in the time ahead which means less jobs for new grads.

The silver lining, according to Sarun, is that the market is booming for data engineer, software developer, and cybersecurity experts – jobs sorely needed in an era of tech-disruption and work-from-home necessities.

“Even we might have to compete with other firms to attract talented people in these fields to work with us,” said Sarun.

For other fields, uncertainty is key and employment opportunities are based on recovery prospects, innovation, and government policy.

“There will be an unlucky group who will not get any job offers during this time,” said Sarun.

Even those who are currently working are also at risk of getting laid off [based on experience].

JobsDB, a local e-recruitment portal, recorded a 18 per cent year-on-year jump in job applications for fresh graduates. But while application numbers are high, acceptance rates remain poor and the unemployment rate continues to keep rising.

The Employers’ Confederation of Thai Trade and Industry (EconThai) expect 500,000 graduates to enter the job market between March and April this year, adding to the 300,000 graduates still unemployed from 2020. 


Is a Wuhan lab leak the origins of the Covid-19 pandemic?

Hi, joining me today on the podcast is Alina Chan, a Post Doctorate researcher at the Broad Institute of...

Latest article

Is a Wuhan lab leak the origins of the Covid-19 pandemic?

Hi, joining me today on the podcast is Alina Chan, a Post Doctorate researcher at the Broad Institute of MIT and Harvard. Alina has made...

Thailand’s conservative elite are rethinking the government after the latest covid fiasco

Longtime supporters of the Prayut Chan-ocha government are rethinking their support of the government after the latest mismanagement of the Covid-19 pandemic.With case...

The Thai government owes us answers to some important questions

The third wave of the pandemic is well and truly underway in Thailand with case numbers rapidly approaching 1,000 new cases per day.The...

Guest Blog: A young covid patient in India reflects on catching the virus

Nandini Paul is a 12 year old writer living in India. Over the past two weeks, she has contracted the new strain of the...

Vice tried to alter history with photoshopped Khmer Rouge victim photos

Altered Khmer Rouge victim photos were falsifying history I didn’t think too much of it at first when I first opened Vice’s article on the...