The Nigerian Bureau of Statistics (NBS) says
another 1.5 million Nigerians became unemployed
in the first quarter of 2016.
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.
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.
“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.
“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%.
Source:
https://www.thecable.ng/nbs-another-1-5m-
nigerians-become-unemployed-2016
nigerians-become-unemployed-2016
