Home | News | General | Over 21 million Nigerians remain unemployed as unemployment rate jumps
Nigeria @ 60: Oyegun expresses sadness over Nigeria’s situation
Graphic Photos: Man Loses His Arm In A Ghastly Motor Accident Along Ibadan Expressway

Over 21 million Nigerians remain unemployed as unemployment rate jumps





Unemployed Nigerians as at the second quarter of 2020 stands at 21,764,614 million, representing 27.1% unemployment rate in the country.

According to the latest statistics released by by the National Bureau of Statistics, Nigeria’s unemployment rate was 23.1% in Q3 2018 confirming it increased by 4% points between then and the second quarter of 2020.

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.

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.

The total number of people in employment (i.e. people with jobs) during the reference period was dwellers, it rose to 31.5% from 22.8%, while the rate among urban dwellers rose to 23.2% from 58,527,276.

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). This figure is 15.8% less than the people in employment in Q3, 2020.

For the period under review, Q2, 2020, the unemployment rate among young people (15-34years) was 34.9%, up from 29.7%, while the rate of underemployment for the same age group rose to 28.2% from 25.7% in Q3, 2018. These rates were the highest when compared to other age groupings.

Nigeria’s youth remain the hardest hit by unemployment with over 13.9 million people aged between 15 and 34 years unemployed.

Women also continue to bear the brunch of bad economy with about 12.2 million out of jobs from the 27 million currently unemployed.

Graduates and post graduates combined made up about 2.9 million of the total Nigerians that are unemployed.

The data is coming after nearly two years when the last data was published. The bureau last published jobs data in the third quarter of 2018 citing funding as a major challenge.


CLICK HERE TO READ MORE FROM: General Visit website

  Article "tagged" as:
No tags for this article
view more articles

About Article Author

Over 21 million Nigerians remain unemployed as unemployment rate jumps
Chuka (Webby) Aniemeka

Chuka is an experienced certified web developer with an extensive background in computer science and 18+ years in web design & development. His previous experience ranges from redesigning existing website to solving complex technical problems with object-oriented programming. Very experienced with Microsoft SQL Server, PHP and advanced JavaScript. He loves to travel and watch movies.

View More Articles

Latest Nigeria News