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Nigeria’s unemployment rate rises to 13.9% – National Bureau Statistics

youth unemployment

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Nigeria’s unemployment rate rises to 13.9% – National Bureau Statistics

The Nationwide Bureau of Statistics on Thursday mentioned the nation’s unemployment charge has risen from 13.three per cent within the second quarter of this 12 months to 13.9 per cent as on the finish of the third quarter.

The bureau said this within the unemployment report which was launched by the Statistician Common of the Federation in Abuja.

Within the report, the bureau mentioned the variety of economically energetic individuals elevated from 106.69 million within the second quarter to 108.03 million within the third quarter.

It added that in the course of the interval, a complete variety of 554,311 contemporary individuals out of people who joined the labour power have been unemployed within the third quarter.

This, based on the report, represents a 1.26 per cent improve over the earlier quarter and a three.57 per cent improve when in comparison with the corresponding third quarter of 2015.

The report reads partly, “The variety of underemployed within the labour power elevated by 501,074 or three.25 per cent leading to a rise within the underemployment charge from 19.three  per cent in Q2 2016 to 19.7 per cent (15.9 million individuals) in Q3 2016.

“It is a marginal improve of zero.four proportion factors between quarters 2 and three of 2016, and reveals a gradual rise within the charge since Q3 of 2015.

“Through the reference interval, the variety of unemployed within the labour power, elevated by 554,311 individuals, leading to a rise within the nationwide unemployment charge to 13.9 per cent in Q3 2016 from 13.three per cent in Q2.”

The report said that unemployment and underemployment was highest for individuals within the labour power between the ages of 15‐24 and 25‐34, which represents the youth inhabitants.

It famous that as was the case in earlier quarters, unemployment and underemployment was increased for ladies than males within the third quarter of 2016.

As an illustration, it mentioned whereas 15.9 per cent of ladies within the labour power have been unemployed within the third quarter of 2016, an extra 22.9 per cent of ladies within the labour power have been underemployed in the course of the interval.

Alternatively, the report mentioned 12 per cent of males have been unemployed within the third quarter of 2016, whereas an extra 16.7 per cent of males within the labour power have been underemployed throughout the identical interval.

Source:punchNG

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