Connect with us

News

Nigeria’s Unemployment Rate Rises To 20.9 Million In 2018 – NBS

Published

on

Nigeria’s Unemployment Rate Rises To 20.9 Million In 2018 - NBS 3

The National Bureau of Statistics (NBS) has released its latest data which revealed that Nigeria’s unemployment rate has increased from 18.8 percent in the third quarter of 2017 to 23.1 percent in the third quarter of 2018, meaning the number of unemployed Nigerians has risen to 20.9 million from 17.6 million.

The statistics bureau in a report Wednesday 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.

“The number of persons in the labour force (i.e. people who are able and willing to work increased from 75.94 million in Q3 2015 to 80.66 million in Q3 2016 to 85.1 million in Q3,2017 to 90.5million in Q3, 2018,” the report said.

“The total number of people in employment (i.e with jobs) 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.

“The total number of people in part-time employment (or underemployment) decreased from 13.20 million in Q3 2015 to 11.19 million in Q3 2016 but increased to 18.02 million in Q3 2017 and to 18.21 million in Q3 2018.”

The report said the total number of people classified as unemployed, which means they did nothing at all or worked too few hours (under 20 hours a week) to be classified as employed increased from 17.6 million in Q4 2017 to 20.9 million in Q3 2018.

Of the 20.9 million persons classified as unemployed as at Q3 2018 11.1 million did some form of work but for too few hours a week (under 20 hours) to be officially classified as employed while 9.7 million did absolutely nothing, the NBS said.

“Of the 9.7 million unemployed that did absolutely nothing as at Q3 2018, 90.1% of them or 8.77 million were reported to be unemployed and doing nothing because they were first time job seekers and have never worked before.

“On the other hand, 9.9 million 0r 0.9% of the 9.7 million that were unemployed and doing nothing at all reported they were unemployed and did nothing at all because they were previously employed but lost their jobs at some point in the past which is why they were unemployed.

“Of the 9.7 million that were unemployed and did nothing at all, 35.0% or 3.4 million have been unemployed and did nothing at all for less than a year, 17.2% or 1.6 million for a year, 15.7% or 1.5 million had been unemployed and did nothing for 2 years, and the remaining 32.1% or 3.1 million unemployed persons had been unemployed doing nothing for 3 and above years.”

See tweets from the Director-General of the NBS, Dr. Yemi Kale, below;

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

LATEST NEWS

DSS Arrests Syndicates Selling New Naira Notes, Accuses Bank Officials Of Working With Them DSS Arrests Syndicates Selling New Naira Notes, Accuses Bank Officials Of Working With Them
News7 mins ago

DSS Arrests Syndicates Selling New Naira Notes, Accuses Bank Officials Of Working With Them

The Department of State Services (DSS) has arrested some members of an organized syndicate for allegedly selling the newly redesigned...

Man Kills Wife, Dumps Her Body In Pit Toilet After She Withdrew Domestic Violence Case Against Him Man Kills Wife, Dumps Her Body In Pit Toilet After She Withdrew Domestic Violence Case Against Him
Metro26 mins ago

Man Kills Wife, Dumps Her Body In Pit Toilet After She Withdrew Domestic Violence Case Against Him

A 38-year-old man, Livhuwani Madadzhe, also known as comedian SABC Livhu, has been arrested for allegedly killing his wife, Lindelani...

Mercy Eke Opens Up About Her Childhood, Reveals Why She Speaks With Igbo Accent Mercy Eke Opens Up About Her Childhood, Reveals Why She Speaks With Igbo Accent
Celebrities52 mins ago

This Year I Want People To Think I Did Blood Money – BBNaija’s Mercy Eke

Former Big Brother Naija (BBNaija) reality TV show winner, Mercy Eke on Monday, revealed her main aspiration for 2023. Mercy...

Actor Junior Pope And Colleagues Robbed At Gunpoint On Their Way From Movie Shot In Delta [Video] Actor Junior Pope And Colleagues Robbed At Gunpoint On Their Way From Movie Shot In Delta [Video]
Entertainment1 hour ago

Actor Junior Pope And Colleagues Robbed At Gunpoint On Their Way From Movie Shot In Delta [Video]

Nollywood actor, Junior Pope Odonwodo has narrated how he and his colleagues were robbed at gunpoint in Ubulu Okiti, Delta...

Eight People Shot Dead As Gunmen Open Fire At Birthday Party In South Africa Eight People Shot Dead As Gunmen Open Fire At Birthday Party In South Africa
World News2 hours ago

Eight People Shot Dead As Gunmen Open Fire At Birthday Party In South Africa

Gunmen have killed eight people and injured four others during a mass shooting at a birthday party in South Africa....

Alexx Ekubo Returns To Instagram After Messy Breakup With Ex-Girlfriend, Fancy Acholonu Alexx Ekubo Returns To Instagram After Messy Breakup With Ex-Girlfriend, Fancy Acholonu
Entertainment3 hours ago

Alexx Ekubo Returns To Instagram After Messy Breakup With Ex-Girlfriend, Fancy Acholonu

Nollywood actor, Alexx Ekubo has returned to social media after messy breakup drama with his Ex-girlfriend, Fancy Acholonu. KanyiDaily recalls...

Blackfacenaija Blackfacenaija
Celebrities4 hours ago

Why Are People Not Frowning At Artistes Sampling Others’ Intellectual Property With Giving Credit – Blackfacenaija

Nigerian singer, Augustine Ahmedu, popularly known as Blackfacenaija has wondered why people are not frowning at their “favourite artistes” using...

Sabinus's Lover, Ciana Celebrates Birthday By Showing Off Wedding Rings Sabinus's Lover, Ciana Celebrates Birthday By Showing Off Wedding Rings
Celebrities4 hours ago

Sabinus’s Lover, Ciana Celebrates Birthday By Showing Off Wedding Rings

Popular Nigerian Skit Maker, Sabinus clocked a new age on the 30th of January and his lover, Ciana took to...

INEC Staff Caught On Camera Demanding N1000 Before Giving Out PVCs In Enugu [Video] INEC Staff Caught On Camera Demanding N1000 Before Giving Out PVCs In Enugu [Video]
Videos4 hours ago

INEC Staff Caught On Camera Demanding N1000 Before Giving Out PVCs In Enugu [Video]

A staff of the Independent National Electoral Commission (INEC) has been caught on camera collecting money for Permanent Voters’ Card...

Actress Anita Joseph Reveals What She Would Do To Anyone Who Disrespects Her Husband Actress Anita Joseph Reveals What She Would Do To Anyone Who Disrespects Her Husband
Entertainment5 hours ago

Actress Anita Joseph Reveals What She Would Do To Anyone Who Disrespects Her Husband

Nollywood actress, Anita Joseph has taken to social media to warn people against disrespecting her husband, MC Fish. Sharing a...

close