Nigeria’s Unemployment Rate Rises To 20.9 Million
The latest figures released by the National Bureau of Statistics(NBS) on Wednesday shows that the unemployment rate is up from 18.8% in q3 2017 to 23.1% in q3 2018.
The report also shows that the total number of people in employment increased from 68.09mn (q3 2017) to top 69.54mn (q3, 2018).
According to the report, the working-age population (people between 15 – 64 years) increased from 111.1 million to 115.5 million.
It read in part, “The total number of people in employment increased from 68.4 million in Q3 2015 to 68.72 million in Q3 2016, to 69.09 million in Q3 2017 and 69.54 million in Q3 2018.
“The total number of people in full-time employment (at least 40 hours a week) increased from 51.1 million in Q3 2017 to 51.3 million in Q3, 2018.”
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