Nigeria’s unemployment rate rose to 23.1% of the workforce by the end of September 2018, up from 18.1% in 2017. The National Bureau of Statistics (NBS) stated this in its Labour Force Statistics, released on Wednesday, December 19, 2018. LAGOS (Reuters) – Nigeria’s unemployment rate stood at 23.1 percent of the work force in the third quarter, up from 18.1 percent a year earlier, the head of the statistics office Yemi Kale According to Asaju, Arome & Aniyo (2014) when compared to her counterparts in the continent, Nigeria's unemployment crisis is more serious. For instance, South Africa's unemployment rate is currently standing at 25 percent, and in Ghana, it was about 14 percent in 2010, while Nigeria is around 37 percent. Unemployment rate in Nigeria has grown from 17.5 per cent at the onset of democracy in 1999 to 23.1 per cent in 2018 This is against the backdrop of a huge
Nigeria’s unemployment rate worsened from 16.2 percent in the second quarter of 2017 to 18.8 percent in the third quarter of the year, the National Bureau of Statistics said on Friday. The NBS said the number of people within the labour force who were unemployed increased from 13.6 million in
He states that poverty has been linked to high crime rates, especially in the Niger Delta region where there is a sharp contrast between the rich and the poor. The Nov 24, 2015 Event. The unemployment rate in Nigeria rose to 9.9% in July-September from 8.2% in the second quarter, according to the National Bureau of Jun 6, 2017 It said that this showed an increase in the number of unemployed labour force by 351,015 persons. According to the bureau, the percentage Unemployment Rate in Nigeria increased to 23.10 percent in the third quarter of 2018 from 22.70 percent in the second quarter of 2018. Unemployment Rate in Nigeria averaged 12.31 percent from 2006 until 2018, reaching an all time high of 23.10 percent in the third quarter of 2018 and a record low of 5.10 percent in the fourth quarter of 2010. Similarly, the Nigeria Employers’ Consultative Association (NECA) also warned that the rate of unemployment in the country may rise to 33.5% next year from the current rate pegged at 23.1%. Unemployment rate on the rise. By Yinka Kolawole. Unemployment rate in Nigeria has grown from 17.5 per cent at the onset of democracy in 1999 to 23.1 per cent in 2018. This is against the backdrop of a huge progress made in the first 10 years of the democratic dispensation when unemployment rate was reduced drastically. Even the government (at all levels) has severally admitted to this fact at different fora. Nigeria is rich. It has every potential to develop and put poverty and unemployment issues into history. However, the paradox now is that Nigerians still wallow in poverty as unemployment rate keep rising at alarming rate due to some factors.
Dec 11, 2019 Citing a report published by the National Bureau of Statistics in 2019, Senator Ekweremadu stated that Nigeria's unemployment rate stood at
unemployment rate continue to rise during the decade of about 7% (GDP) economic growth? Kayode et al. Global Business and Economics Research Journal. Historically, a rise in the SMIC has shown to result in increased unemployment rates amongst the country's youth population. At the end of this period, the Unemployment, total (% of total labor force) (modeled ILO estimate). International Labour Organization, ILOSTAT database. Data retrieved in December 2019. May 13, 2019 The proportion of Nigerians younger than 35 in full-time jobs has dropped with the average unemployment rate rising to 23.1% last year from
Historically, a rise in the SMIC has shown to result in increased unemployment rates amongst the country's youth population. At the end of this period, the
Nigeria as one of the countries in consideration mimics the high trend with an increase in unemployment rate ranging from approximately 3.8% in 2010 to 6% in Mismatch is found to be low but increasing in the entire labour market. Aggregate unemployment rate was structurally dependent on unemployment rates among The unemployment rate accordingly, increased from 18.8% in Q3 2017 to 23.1% in Q3, 2018. Nigeria - LABOUR FORCE POPULATION (employment age and
Dec 14, 2010 The unemployment rate hovered between 7% and 8% from the summer of 1980 to the fall of 1981, when it began to rise quickly. By March 1982
The Nigerian National Bureau of Statistics (NBS) defines unemployment as the economy and caused unemployment rate to rise to 11 per cent in 1982(based. Dec 9, 2019 According to experts, the reports have not seen the light of day because the rate of joblessness has risen above 40 percent. As Africa's most Unemployment rate. Percent. map list chart. Settings. Map. From, Up to, Label, Color. confirm cancel reset. 20% or more. 15% - 20%. 10% - 15%. 5% - 10%. Dec 11, 2019 Citing a report published by the National Bureau of Statistics in 2019, Senator Ekweremadu stated that Nigeria's unemployment rate stood at Nigeria there has been renewed efforts to tackle the high unemployment rate in the country. This is more so because vast differences in unemployment rates