Nigeria’s employment crisis worsened in the first quarter of 2016, with unemployment rate rising to 12.1 per cent, the National Bureau of Statistics, NBS, said on Friday.
The bureau said in its latest Unemployment Watch report that between December 2015 and March 2016, the population of unemployed Nigerians increased by 518,000 to over 1.45 million.
Economically active or working age population, the NBS said, increased from 105.02 million in the fourth quarter of 2015 to 106 million by the end of March 2016.
However, actual population of people willing, able and actively looking for work increased by 1.99 per cent, from 76.9 million in fourth quarter of 2015 to 78.4 million in the first quarter of 2016.
The report said failure of government to meet its target of creating a minimum of 1.5 million jobs required for the period to keep the unemployment rate constant at 10.4 per cent before the end of December 2015 worsened the unemployment situation.
The rate as at June end 2015 was 8.2 per cent and 9.9 per cent by September ending 2015.
The NBS said its computations were based on the International Labour Organization, ILO definition, which described unemployment as the population of persons aged 15–64 who, during the reference period, were available for work, actively seeking for work, but were unable to find work.
Consequently, the NBS said the unemployed Nigerian population were those who were actively looking for work, but could either not find work, absolutely nothing at all for at least 20 hours, or did something but not for up to 20 hours in a week during the reference period.


Indications were that additional 1.53 million economically active persons joined the labour force between January 1 and March 31, 2016.
Equally, the report said the number of Nigerians in the economically active population, who chose not to actively look for work, declined from 28.06 million in December 2015 to 27.5 million by end of March, 2016.
Within the same period, the NBS said total number people in full time employment, or those who were doing any form of work for at least 40 hours, decreased by 528,148 persons or 0.97 per cent.
On the other hand, the report said the number of underemployed, or those compelled by circumstances to do largely menial jobs not commensurate with their qualifications or not fully engaged for at least 20 hours during the period, increased by 607,613 persons.
The report said underemployment rate increased by 18.7 per cent (14.41 million) in the last quarter of 2015 to 19.1 per cent in the first quarter of 2016 (15.02 million persons).
The NBS said women population in the labour force continued to be affected more by the country’s unemployment and underemployment crisis when compared with their men counterparts.
While 14 per cent of women in the labour force age bracket were unemployed in the first quarter of 2016, another 22.2 per cent were underemployed during the same period.
Equally, the report said youth unemployment grew from 14.46 per cent in the last quarter of 2015 to 16.39 per cent in the first quarter of 2016.

Source:

http://www.premiumtimesng.com/news/headlines/203891-nigerias-unemployment-crisis-worsens-rate-jumps-518000-3-months-nbs.html

OK

Quit pulling numbers from your arse

Na lie abeg!
There were never any jobs to begin with!


"How do you lose what you never had?"

DaBullIT:
Quit pulling numbers from your arse

Who u referring to? Premium Times? Quit "zombism" it don't help

I believe these figures from NBS. NBS has one of the most (and in fact the only Nigerian agency with) reliable facts and figures.


The same National Bureau of Statistics vis-a-vis Premium Times provided this in 2015!

funlord:






Na lie abeg!

There were never any jobs to begin with!



"How do you lose what you never had?"

Change government! Fake change bringers. You told us 'change', but in actual fact, you meant 'chain'.


Buhari needs to be changed. We need to take our country back.

Buhari is a dullad on a mission to completely destroy this country... we won't allow him!


Change the dullard...2019!

Na so!
Change is change.
This is what the gullible ones voted for.

Come and defend this one.
Nonsense!

All na CHANGE

He pass dat one !

Buhari presidency is the worst thing to ever happen to Nigeria

Change

So where is the 518,000 coming from? Graduates?


NBS should up their game.

A Country where a graduate will after graduation open provision shop, what's the essence of going further (tertiary)

Next Generation should focus and basic education (Technical)

It keeps getting worse. God help my country.

That is change.... they are changing everything they met

I don't blv d statistics.... Wr they gt ds figure from No be today we don't knw dt millions of youth are unemployed in Nigeria.

Nigeria urgently needs a president!

the kunu sipping dullardd from daura has turned us to a joke

fromnigeria:
So where is the 518,000 coming from? Graduates?



NBS should up their game.

Na now you remember say you go ask "where is the figure coming from"..... but if the title says "Naira back to 150" you won't ask that abi

Make the MUMU presidiot work on employment opportunities him no fit, economy is in shambles, na to dey fly upandan him sabi. He is a Fulani man nd Fulani's are nomads, we have a nomadic presidiot. MUMU idiot we've got as a presidiot.

Naira dey drop like rocket. Depression dey run like usain bolt, chibok girls dey come back like snail, corruption trials dey stay for court like coma. Like if this administration is a fraud.

It's true. I was at a site earlier today come see as youth wey dey hope say dem go pick dem plenty. This country is fucced!

Gloomy but we can look inward and find what we can bloom with.

How nigerians allowed APC deceive them to vote a burukutu sipping bastard like buhari is still a mystery to me. This is a man that promised that when he enters office he and his ministers would declare their assets. Up till now they haven't done that. As far as I am concerned, i believe its because they have plans to also eat our "yams" too thats why they have not declared it. If buhari the bastard can't fulfil a little promise like that, is it now the main ones he would fulfil? Nigerians sef!

Anyways God punish buhari and his supporters especially the ones here on nairaland......click like if you agree

youths that voted for change be like

Wetin concern me

The ZOMBIES wanted a Nepa Bill certificate holder and let them enjoy it while it lasts!

DaBullIT:
Quit pulling numbers from your arse

Its high time we face realities for once and not murdering the truth pls

my question is, why r all bad numbers increasing and all the good ones decreasing

Bad news left, right, and centre. What is this? And yet some animals still have the nerve to defend Buhari? A time would soon come when anyone that is senseless enough to defend Buhari in public would pay with his life. Boys are not smiling.

People are suffering and yet you want to proudly advertise your zombiesm.