BREAKING: Nigeria’s unemployment rate rises to 27.1%, says NBS

  • 📰 MobilePunch
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 63%

Nigeria Headlines News

Nigeria Latest News,Nigeria Headlines

The National Bureau of Statistics has finally released data on the nation’s unemployment rate after an 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.

It said, “For the period under review, Q2 2020, the unemployment rate among young people 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.The NBS said the number of persons in the economically active or working age population increased to 116,871,186 from 115,492,969 in Q3 2018.

“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.” “Of this number, 35,585,274 were full-time employed , while 22,942,003 were under-employed ,” it added.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in NG

Nigeria Latest News, Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Hello love, it’s all overThe divorce rate in the world today is disturbingly high. When a marriage breaks down, the woman is the one more severely hit.
Source: GuardianNigeria - 🏆 1. / 94 Read more »

BREAKING: Former US ambassador to Nigeria, Walter Carrington, dies at 90 | The NationA former United States ambassador to Nigeria, Walter Carrington, is dead. This was confirmed in a statement signed by ..
Source: TheNationNews - 🏆 6. / 69 Read more »

BREAKING: Customs, EFCC nab 2 Lebanese smuggling $890,000 out of Nigeria - Daily Post NigeriaThe Economic and Financial Crimes Commission (EFCC) has commenced the investigation of two Lebanese, Dina Jihad Khali and Chamseddine Waell Mohammed. They
Source: DailyPostNGR - 🏆 11. / 59 Read more »

[BREAKING] Mailafia: NBC fines Nigeria Info N5m
Source: MobilePunch - 🏆 8. / 63 Read more »

BREAKING: Nigeria records 373 new cases of COVID-19, total now 48,116 - Latest Nigeria News, Nigerian Newspapers, PoliticsNigeria now has 48, 116 confirmed COVID-19 cases, with 373 new cases recorded on Thursday night. According to a tweet
Source: TheNationNews - 🏆 6. / 69 Read more »

Africa records over 1 million confirmed COVID-19 casesThe Africa CDC says the death toll from COVID-19 has risen to 23, 839 as of Wednesday.
Source: PremiumTimesng - 🏆 3. / 78 Read more »