NIGERIA RECORDS 27.1% UNEMPLOYMENT RATE, SAYS NBS
National Bureau of Statistics, NBS, Friday said that Nigeria’s unemployment rate rose to 27.1% in the second quarter of 2020. “The unemployment rate during the reference period, Q2, 2020 was 27.1%, up from the 23.1% recorded in Q3, 2018.
The underemployment rate increased from 20.1% in Q3, 2018 to 28.6%.” Disclosing this via its official website, nigerianstat.gov.ng, NBS said: “The number of persons in the economically active or working age population (15 – 64 years of age) during the reference period of the survey, Q2, 2020 was 116,871,186. This is 1.2% higher than the) State unemployment is a “moment-in-time” index only and can change quite quickly. It is therefore, movement across State borders, as job seekers search for employment or economic opportunities figure recorded in Q3, 2018, which was 115,492,969. The number of persons in the labour force (i.e. people within ages 15 -64, who are able and willing to work) was estimated to be 80,291,894. This was 11.3% less than the number persons in Q3, 2018. Of this number, those within the age bracket of 25-34 were highest, with 23,328,460 or 29.1% of the labour force.