NESDC Q2/69 Report: Rising Unemployment and Household Debt

Matichon•Economy•2d ago

Reader Briefing

The National Economic and Social Development Council reported a rise in unemployment and household debt for the second quarter of 2026 despite signs of labor market recovery.

•Unemployment increased by approximately 400,000 people in Q2 2026.
•Household debt reached 16.41 trillion baht, representing a 0.50% increase.
•Total employment rose by 5.1% to 41.5 million people.
•The average total wage for workers decreased by 0.25% to 15,937 baht per month.

Overview

•Total employment in Q2 2026 reached 41.5 million people, an increase of 5.1%.
•Agricultural employment rose 6.5% to 11.7 million people, following the planting season despite delayed rains.
•Non-agricultural employment reached 29.9 million people, increasing 4.5%, with growth in construction, hotels, restaurants, and retail.
•Unemployment in Q2 2026 increased by approximately 400,000 people, or 9.7% year-on-year, with the unemployment rate at 0.95%.
•Household debt in Q2 2026 was valued at 16.41 trillion baht, an increase of 0.50%, though the debt-to-GDP ratio fell to 85.9%.
•SML loans (31-90 days overdue) increased to 4.07% of total loans from 3.51%.
•Home loan borrowers in 2025 averaged 1.11-1.22 accounts per person, an increase from 1.06-1.07 accounts during 2021-2024.
•Children aged 6-14 years in Bangkok and the Central region show an obesity and overweight rate of 27.4%.

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Key Entities

Person

Danucha Pichayanun(ดนุชา พิชยนันท์)

Secretary-General of the National Economic and Social Development Council.

Organization

National Economic and Social Development Council(สภาพัฒนาการเศรษฐกิจและสังคมแห่งชาติ)

The government agency that reported the Thai social conditions for the second quarter of 2026.

NESDC(สศช.)

Abbreviation for the National Economic and Social Development Council.

Place

Bangkok(กรุงเทพฯ)ℹ️

An area where high rates of childhood obesity and overweight were observed.