National Bureau of Statistics (NBS) has disclosed that unemployment rate in Nigeria as at the second quarter of 2020 is 27.1%, indicating that about 21.7 million Nigerians are unemployed.
The report comes several quarters after the statistics bureau released its last report in 2018.
The new rate is an increase from the 23.1% unemployment rate recorded in the third quarter of 2018.
In the 2018 report, Nigeria’s unemployment rate increased from 18.8 per cent in the third quarter of 2017 to 23.1 per cent in in the third quarter of 2018.
Nigeria’s unemployment and underemployment rate combined is 55.7%, this is the total number of Nigerians who are unemployed or underemployed as at 2020 Q2.
This is contained in a recently released unemployment data report published by the National Bureau of Statistics.
The unemployment rate in Nigeria as at Q3 2018 was 23.1%, this shows an increase of 4% points between then and the second quarter of 2020
In the 2018 report, Nigeria’s unemployment rate increased from 18.8 per cent in the third quarter of 2017 to 23.1 per cent in in the third quarter of 2018.
The statistics bureau also said the economically active or working age population (15 – 64 years of age) increased from 111.1 million in Q3 2017 to 115.5million in Q3 2018.
In 2020 Q2, the number of persons in the economically active or working-age population (15 – 64 years of age) during the reference period of the survey was 116.8million.
Nigerian youth remain the hardest hit by unemployment with over 13.9 million people aged between 15 and 34 years unemployed.
Women also continue to bear the brunt of bad economy with about 12.2 million out of jobs from the 27 million currently unemployed.
Graduates and post graduates combined made up about 2.9 million of the total Nigerians that are unemployed.
