BREAKING: Nigeria's unemployment rate rises to 27.1%, says NBS
chuks oti
Aug 14, 2020
The National Bureau of Statistics has finally released data on the nation's unemployment rate after a 20-month interval, saying the unemployment rate rose to 27.1 per cent in the second quarter of 2020 from the 23.1 per cent recorded in Q3 2018.
READ ALSO: Peter Obi And I Have All It Takes To End Insecurity -Yusuf Ahmed Baba
The NBS, in its 'Labor Force Statistics: Unemployment and Underemployment Report' released on Friday, said underemployment rate increased from 20.1 per cent in Q3 2018 to 28.6 per cent in Q2 2020.
It said, "For the period under review, Q2 2020, the unemployment rate among young people (15-34 years) was 34.9 per cent, up from 29.7 per cent, while the rate of underemployment for the same age group rose to 28.2 per cent from 25.7 per cent in Q3 2018.
READ ALSO: "Ikwuano Locked Down For Alex Otti" - Monday Ubani SAN Sends Strong Message To Opposition
"These rates were the highest when compared to other age groupings."
READ ALSO: Benue COVID-19 Palliatives Sold In Kano Markets | WATCH VIDEO
The NBS said the number of persons in the economically active or working age population (15 - 64 years of age) increased to 116,871,186 from 115,492,969 in Q3 2018.
READ ALSO: Survival Of Nigeria Is Currently At Stake - Catholic Bishops | READ DETAILS
It said, "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 per cent less than the number persons in Q3 2018.
READ ALSO: Mother's Day: Abia Government Liaison Officer Honours Women, Says Mothers Shape Future Leaders
"Of this number, those within the age bracket of 25-34 were highest, with 23,328,460 or 29.1 per cent of the labour force."
READ ALSO: ABIA: Pandemic Prevention Fee ABSU: "I would have quit politics if Government .." - Reagan Ufomba
The statistics office said the total number of people in employment in Q2 2020 fell by 15.8 per cent 58,527,276, compared to Q3 2018.
READ ALSO: Ofuji Ndị Igbo Sets 2026 Agenda, Promises Greater Community Engagement
"Of this number, 35,585,274 were full-time employed (i.e. worked 40+ hours per week), while 22,942,003 were under-employed (i.e. working between 20-29 hours per week)," it added.
READ ALSO: Bloodbath At Wedding: Bandits Kill 13, Abduct Many In Midnight Attack In Kaduna Community
According to the report, Imo State reported the highest rate of unemployment with 48.7 per cent, followed by Akwa-Ibom State and Rivers State with 45.2 per cent and 43.7 per cent respectively.
READ ALSO: Ofuji Breaks Silence on Democracy Day, Reveals What He Told Abia Lawmakers in Lagos | READ DETAILS
It said Anambra recorded the lowest rate of unemployment at 13.1 per cent.
READ ALSO: How a Catholic Priest Slumped and Died While Delivering Homily in Delta Church
The NBS said, "For underemployment, the state which recorded the highest rate was Zamfara with 43.7 per cent, while Anambra State recorded the lowest underemployment rate, with 17 per cent in Q2 2020.
READ ALSO: Alleged Blasphemy: UN experts demand release of Nigerian atheist from one-year detention
"A total number of 2,736,076 did not do any work in the last seven days preceding the survey due to the lockdown but had secure jobs to return to after the lockdown."
READ ALSO: Peter Obi And I Have All It Takes To End Insecurity -Yusuf Ahmed Baba
Credits
Related Stories
Bloodbath At Wedding: Bandits Kill 13, Abduct Many In Midnight Attack In Kaduna Community
"Ikwuano Locked Down For Alex Otti" - Monday Ubani SAN Sends Strong Message To Opposition
Mother's Day: Abia Government Liaison Officer Honours Women, Says Mothers Shape Future Leaders
Why ICPC Is Prosecuting Mike Ozekhome Over a London Property Deal That Has Shaken Nigeria's Legal Circle | READ DETAILS
Ofuji Ndị Igbo Sets 2026 Agenda, Promises Greater Community Engagement
How a Catholic Priest Slumped and Died While Delivering Homily in Delta Church
""
— chuks oti