The Nigerian Bureau of Statistics (NBS) says
another 1.5 million Nigerians became
unemployed in the first quarter of 2016.
In its unemployment and underemployment
report released on Friday, NBS said the country’s
unemployment rate grew from 10.4 percent in
the last quarter in 2015 to 12.1 percent.
another 1.5 million Nigerians became
unemployed in the first quarter of 2016.
In its unemployment and underemployment
report released on Friday, NBS said the country’s
unemployment rate grew from 10.4 percent in
the last quarter in 2015 to 12.1 percent.
In the third and fourth quarter of 2015, Nigeria
saw about the same number of people become
unemployed.
saw about the same number of people become
unemployed.
The economically active population or working
age population (persons within ages 15- 64)
increased from 105.02 million in Q4 2015 to
106.0 million in Q1 2016, the report adds.
age population (persons within ages 15- 64)
increased from 105.02 million in Q4 2015 to
106.0 million in Q1 2016, the report adds.
“In Q1 2016, the labour force population (i.e.
those within the working age population willing,
able and actively looking for work) increased to
78.4 million from 76.9million in q4 2015,” NBS
said.
“This means an additional 1,528,647
economically active persons within 15-64
entered the labour force i.e. were able and
willing and actively looking for work between
January 1 and March 31 2016.
“Within the same period, the total number in full
time employment (did any form of work for at
least 40 hours) decreased by 528,148 persons or
0.97%.
“This consists of people who lost their jobs and
were either forced or for various reasons chose
to move from full time employment to
underemployment.
“Within the same period, the number of
unemployed in the labour force, increased by
1,449,18 persons (increase of 518,000 between
Q3 and Q4 2015) between Q4 2015 and Q1
2016.”
Youth unemployment also rose to 42.24 percent,
as 15.2million youths remain unemployed in the
economy.
those within the working age population willing,
able and actively looking for work) increased to
78.4 million from 76.9million in q4 2015,” NBS
said.
“This means an additional 1,528,647
economically active persons within 15-64
entered the labour force i.e. were able and
willing and actively looking for work between
January 1 and March 31 2016.
“Within the same period, the total number in full
time employment (did any form of work for at
least 40 hours) decreased by 528,148 persons or
0.97%.
“This consists of people who lost their jobs and
were either forced or for various reasons chose
to move from full time employment to
underemployment.
“Within the same period, the number of
unemployed in the labour force, increased by
1,449,18 persons (increase of 518,000 between
Q3 and Q4 2015) between Q4 2015 and Q1
2016.”
Youth unemployment also rose to 42.24 percent,
as 15.2million youths remain unemployed in the
economy.
“Accordingly, out of a total youth labour force of
38.2 million (representing 48.7% of total labour
force in Nigeria of 78.48mn), a total of 15.2mn
of them were either unemployed or
underemployed in Q1 2016 representing a youth
unemployment rate of 42.24%.
38.2 million (representing 48.7% of total labour
force in Nigeria of 78.48mn), a total of 15.2mn
of them were either unemployed or
underemployed in Q1 2016 representing a youth
unemployment rate of 42.24%.
