A new and updated report released by the National Bureau of Statistics(NBS), has shown that the unemployment rate in Nigeria has increased from 18.8% in the 3rd quarter in 2017 to 23.1% in the 3rd quarter in 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.
The report further read, “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″