The National Bureau of Statistics (NBS) says the number of unemployed people in Nigeria will increase in the fourth quarter of 2017. The bureau made this prediction in the third quarter unemployment report, which was recently released on its website.
“An economic recession is consistent with an increase in unemployment as jobs are lost and new jobs creation is stalled. The unemployment rate, induced by a recession, typically peaks about 15-18 months after the beginning of a recession or four-eight months after the end of a recession before it returns to its pre-recession trend,” the report read.
“This, in the case of Nigeria, will be a peak in Q4 2017, which means we will only expect unemployment to return to its normal trend in 2018. The length of the lag depends on how deep and long the recession was.”
The report had said the number of people in full-time employment reduced from 52.7 million in the second quarter to 51.1 million in the third quarter.
According to the report, the number of unemployed people within the labour force (15-64 years) increased from 13.6 million to 17.7 million while the number of underemployed people increased from 15.9 million to 18 million.
The people captured in the unemployed bracket are those who recently lost their jobs and those who just joined the labour force either by age or completion of the pursuit of an educational degree.

http://www.akelicious.com/2017/12/nbs-expect-worse-unemployment-figures.html

Ok,booked

NBS stop turning to prophet of doom. God's not dead!!!

This admin appears to be favoring the agrarian north much more than the educated south. The increase in food production we experiencing is a pointer to increased productivity and very likely employment increase in the north. I expect more industrial strides to help improve employment stats.

The wind of "CHANGE" continues to blow, rather than create jobs as promised they've succeeded in creating mass unemployment...SMH

4th quarter is almost over nah....

Buhari/APC.....setting new records everyday!

Buhari is thinking about his age
You guys should not disturb him





You voted change
Go ahead and enjoy it

They maybe right but they're not the Almighty God.

obaataaokpaewu:
4th quarter is almost over nah....

It's over already

eazyjakes:
Buhari/APC.....setting new records everyday!

Well a wise man once said "Buhari makes failure look simple and interesting"....


I hope when someone comes and chant "CHANGE" we ask them the kind of "CHANGE" they are bringing...

Why wasn't buhari the one riding that power bike
Utterly useless president

stonemasonn:
It's over already

Lol... Some people fit still sack some people within these 3 days wey remain

Buhari and his evil propaganda party have brought nothing but badluck and untold hardship .

Zombies will not like this truth.

obaataaokpaewu:
4th quarter is almost over nah....

it means it will be a stepping stone to massive unemployment in 2018

anyway NBS should stop telling us what fate await us because we are not scared as Nigerian
we have been through thick and thin

we have seen it all
and we we still survive
I was even surprised I was able to withdraw fiftheen thousand naira on Xmas eve for me and my nigarzzz to drink and smoke weed in Benin despite been broke this period

so we will always survive

It is time to impeach Buhari before he does more harm.

The condition of the country is getting tougher every day..While there is no room for the unemployed graduates, there is massive lay off of those that were employed.. What have we done 2 deserve this from this demonic government....O ga oooo.....Eleyi deep ooo

Story 4 d gods

Can anything good ever come out of this APC na so so bad news since they took over power..... Recession...fulani herdsmen...Unemployment..corruption...Excuses...Lies....Chaiiiii if I come back to this world....I go choose am well

Buhari why?

This report and prediction isn't entirely the fault of the current administration.

When Youths who are supposed to be engaged in productive activities are jumping up and down in shows rather than engaging in creating value or sustainable income stream this is what you expect because tomorrow these same Youths will queue up in their millions to apply for easy jobs like N-power and other time wasting jobs.

When Nigeria becomes a really credit and capitalist system like south Africa Nigerian Youths will pity themselves.

Folks in their productive years work tirelessly to ensure their future is guaranteed. Rather than waiting on govt to secure a living for Youths we are expected to go out and eke out a living. It is the inability of Youths to use their brains and energy for productive activities that sees 35 and 40 years old adults still collecting subvention from their parents. Today we now define Youths in Nigeria to be people up to 35 years. Shame!

Wealthyman01:
NBS stop turning to prophet of doom. God's not dead!!!

They saying the truth. Few industries, no reliable power supply yet you expect the country to witness high employment

“This, in the case of Nigeria, will be a peak in Q4 2017, which means we will only expect unemployment to return to its normal trend in 2018. The length of the lag depends on how deep and long the recession was.”

The same ipob miscreants who have rejoicing over the negative reports will cry and shout lie lie in 2018, when the indices start moving north early next year...


Hate filled nuts...

obaataaokpaewu:
Lol... Some people fit still sack some people within these 3 days wey remain

Haba sacking during the holidays...

Wealthyman01:
NBS stop turning to prophet of doom. God's not dead!!!

Has God not done enough already?! Gave this nation all the needed natural & human resources yet you expect him to still come down to manage it for you as a nation?!

I thought BMC are saying the gambari's government has employ 2000 graduates through Npower.

God help us please rate my design

Wealthyman01:
NBS stop turning to prophet of doom. God's not dead!!!

it's a pity after voting in clueless leaders u still wait on God to help u out. wat den is d work of ur leaders

Even BMC will also lose their jobs

stonemasonn:
Haba sacking during the holidays...

The holidays are over. All these one man business owners can shock people.