Unemployment Rate Rises to 27.1%, says NBS
Nigeria’s unemployment rate increased to 27.1 per cent in the second quarter of the year (Q2 2020), compared to 23.1 per cent recorded in Q3 2018, according to the National Bureau of Statistics (NBS).
The underemployment rate increased to 28.6 per cent from 20.1 per cent in Q3 2018, the NBS added.
According to the Labour Force Statistics: Abridged Labour Force Survey Under COVID-19, which was released recently, unemployment rate among young people (15-34years) was 34.9 per cent, up from 29.7 pet 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.
These rates were the highest when compared to other age groupings, the statistical agency noted.
Related Posts
African Development Bank Group President Dr Adesina visits Brazil’s President Lula to Foster Investment and Economic Cooperation
African Development Bank Group president, Dr Akinwumi Adesina is travelling to Brazil for a two-day official visit to…
ByPalmPay unveils First Set of Winners in Eid Bonanza
Fintech Company PalmPay, has announced the first set of winners in its ongoing Eid campaign tagged PalmPay Eid…
Ericsson, Istanbul Technical University, and Turkcell unveil 5G Test Network at İTÜ Campus
Ericsson has collaborated with Istanbul Technical University (İTÜ) and Turkcell to establish a 5G test network at İTÜ’s…
African Development Bank Opens new office in Yaoundé, Cameroon
The African Development Bank Group, has announced the opening of its newest office for Central Africa. The office…
Gallery
