Nigeria’s unemployment rate rises from 14.2% to 18.8%

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The National Bureau of Statistics (NBS) says the country’s unemployment rate rose from 14.2% to 18.8% in 2017. It also said that Nigeria’s labour population increased from 83.9 million in the second quarter to 85.1 million in the third quarter of 2017, a difference of 1.2million in additional workforce.

unemployment

The NBS stated this in its latest report, “Unemployment and Under Employment Report from 1st quarter to third quarter 2017’’ released on Friday in Abuja.

The NBS stated that the total number of people in full-time employment (at least 40 hours a week) declined from 52.7 million in the second quarter 2017 to 51.1 million in third quarters.

It stated that the unemployment rate increased from 14.2 per cent in the fourth quarter 2016 to 16.2 per cent in second quarter 2017 and 18.8 per cent in the third quarter, 2017.

The number of people with the labour force…



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