Thailand's unemployment rate hit 0.95% in Q2 2025—the highest in 7 quarters—with 400,000 jobless, up 9.7% YoY. Real wages fell 2.88% after inflation adjustment (2.70%), hitting both self-employed (-4.54%) and salaried workers (-1.76%). Business closures surged 12.5% to 7,024 cases. Despite rising foreign FDI (largely in AI, digital, and datacenters), labour market benefits remain negligible—a structural gap economists warn policymakers must address by boosting worker skills and tying investment incentives to employment outcomes.