In Q4 2023, Thailand's employment increased 1.7% led by tourism, while New Zealand's services trade deficit narrowed due to a 44% rise in travel exports.
Thailand's employment rose 1.7% in Q4 2023, driven by the tourism sector, with jobs in the hotel and restaurant sector increasing 8%. This resulted in a decreased jobless rate to 0.81% in the October-December period. Meanwhile, New Zealand's services trade deficit narrowed to $696M in Q4 2023 due to a 44% increase in travel exports, contributing to the return of international travel patterns.
March 03, 2024
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