Nigeria’s unemployment rate rose from 27.1 per cent in the second quarter of 2020 to 33.3 per cent in the fourth quarter of 2020, the latest figures from the National Bureau of Statistics revealed on Monday..
The NBS stated in its report on ‘Labour force Statistics: Unemployment and underemployment report- Abridged labour force survey under COVID-19 (Q4, 2020) that this translates to 23.19 million unemployed people.
Part of the report read, “During the reference period, the computed national unemployment rate rose from 27.1 per cent in Q2, 2020 to 33.3 per cent in Q4, 2020, while the underemployment rate decreased from 28.6 per cent to 22.8 per cent.
“A combination of both the unemployment and underemployment rate for the reference period gave a figure of 56.1 per cent.
“This means that 33.3 per cent of the labour force in Nigeria or 23,187,389 persons either did nothing or worked for less than 20 hours a week, making them unemployed by our definition in Nigeria.
“This is an additional 1,422,772 persons from the number in that category in Q2, 2020.
“Using the international definition of unemployment, the rate was computed to be 17.5 per cent.”
Five Weir And Dangerous African Cultural Practices That Should Be Abolished (Details below)
Biafra Group Threatens Wike, Asks Him To Reverse The Ban On Igbo Meetings Or Expect This In Port Harcourt (Details below)
“Weapons Are Flooding Into Nigeria As If There’s War”- Bolaji Akinyemi Says, Reveals The Source Of The Arms (Details below)
Kasoa at it Again as 14 Year old Boy Set Ten Year Young Boy Ablaze With Petrol (Video below)
See What A Very Popular Nollywood Actress Was Caught Doing In A Movie Set (Photos below)
I have children – Actress Rita Dominic opens up (Video)
Nnamdi Kanu Sends A Strong Bible Verse To Gov Uzodinma After Another Police Station Attack (Details below)
Bayern Munich 2-3 PSG: Mbappe nets brace to put Parisians in pole position
- Entertainment2 days ago
Davido reunites with son, Ifeanyi amid saga with fiancee, Chioma (Video)
- Lifestyle1 day ago
“No Man Or Woman Has Ever Touched This Body, Am a Virgin”- Lady Proudly Says (Photos below)
- Crime1 day ago
“He Ordered me to Undress and I Refused” – 16-year-old Student Narrates How Her Hand Was Cut Off After Resisting Rape (Details below)
- Lifestyle1 day ago
Man Went To Stadium To Watch Football Match, But See What He Was Doing That Got People Talking (Photos below)