Nigeria’s unemployment rate rises to 23.1% – NBS
After months of delay , the National Bureau of Statistics on Wednesday finally released the Labour Statistics Report for the third quarter of this year with the unemployment rate rising from 18 . 8 per cent in the third quarter of last year to 23 . 1 per cent .
The report which was posted on the website of the NBS stated that the number of persons in the labour force increased from 85 . 1 million in the third quarter of 2017 to 90 . 5 million in the third quarter of 2018 .
It said the total number of people classified as unemployed increased from 17 . 6 million in the fourth quarter of 2017 to 20 . 9 million in the third quarter of 2018 .
Out of this 20 . 9 million person classified as unemployed as of the third quarter of 2018 , the bureau said 11 . 1 million did under 20 hours a week to be officially classified as employed while 9 . 7 million did absolutely nothing.
It reads in part, “ The economically active or working - age population (15 – 64 years of age ) increased from 111 . 1 million in Q 3 , 2017 to 115 . 5 million in Q 3 , 2018 .
“ The number of persons in the labour force ( i . e . people who are able and willing to work ) increased from 75 . 94 million in Q 3 2015 to 80 . 66 million in Q 3 2016 to 85 . 1 million in Q 3 , 2017 to 90 . 5 million in Q 3 , 2018 .
“ The unemployment rate accordingly, increased from 18 . 8 per cent in Q 3 2017 to 23 . 1 per cent in Q 3 , 2018 . ” Details later …
The report which was posted on the website of the NBS stated that the number of persons in the labour force increased from 85 . 1 million in the third quarter of 2017 to 90 . 5 million in the third quarter of 2018 .
It said the total number of people classified as unemployed increased from 17 . 6 million in the fourth quarter of 2017 to 20 . 9 million in the third quarter of 2018 .
Out of this 20 . 9 million person classified as unemployed as of the third quarter of 2018 , the bureau said 11 . 1 million did under 20 hours a week to be officially classified as employed while 9 . 7 million did absolutely nothing.
It reads in part, “ The economically active or working - age population (15 – 64 years of age ) increased from 111 . 1 million in Q 3 , 2017 to 115 . 5 million in Q 3 , 2018 .
“ The number of persons in the labour force ( i . e . people who are able and willing to work ) increased from 75 . 94 million in Q 3 2015 to 80 . 66 million in Q 3 2016 to 85 . 1 million in Q 3 , 2017 to 90 . 5 million in Q 3 , 2018 .
“ The unemployment rate accordingly, increased from 18 . 8 per cent in Q 3 2017 to 23 . 1 per cent in Q 3 , 2018 . ” Details later …
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