Yesterday i was preparing a presentation that required me to do a research about the unemployment rate in Nigeria. The information i got was so fascinating. It's no longer news that our employment rate is 13.3 % at 2nd quarter of 2016 but the interesting thing about the statistics is the he breakdown which i guess, most people never took the time to read. Here are some of the breakdown

Source; https://www./breakdown-national-bureau-statistics-unemployment-report-idusuyi

==> The working age population (persons between the age of 15-64) increased by 106.69 million in Q2 2016 from 106.00 million in Q1 2016.

==> The labour force population (i.e those within the working age population willing, able and actively looking for work) increased by 1.78% from 78.5 million in Q1 2016 to 79.9 million in Q2 2016.This means 1.39 million persons from the economically active population entered the labour force.

==>NOTE<==
With a working age population of 106.69 million and labour force population of 79.9million, it means 26.8million persons within working age population decided not to work for one reason or the other in Q2 2016, hence were not part of the labour force and cannot be considered unemployed and they have been a steady decline from Q2 2015 to Q2 2016 (29.6 million, 28.4 million, 28.1 million, 27.5 million and 26.8 million).

==> The number of underemployed in the labour force (those working but doing menial jobs not commensurate with their qualifications or those not engaged in full time work and merely working for few hours) increased by 392,390 or 2.61%, resulting in an increase in the underemployment rate to 19.3 % (15.4million persons) in Q2 2016 from 19.1% (15,02 million persons) in Q1 2016.

==> The number of unemployed in the labour force, increased by 1,158,700 persons, resulting in an increase in the national unemployment rate to 13.3% in Q2 2016 from 12.1 in Q1 2016.In view of this, there were a total of 26.06 million persons in the Nigerian labour force in Q2 2016, that were either unemployed or underemployed compared to compared to 24.5 million in Q1 2016

==> The unemployment rate was highest for those within the ages of 15‐24 is 24.0% in Q2 2016 from 21.5% in Q1 2016, while the underemployment rate for the same age group declined slightly to 34.2% in Q2 2016 from 34.6 in Q1 2016.

==> The 25‐34 age group, the unemployment rate also increased from 19.9% in Q1 2016 to 20.5% in Q2 2016.

==> 58.3% of Nigerians in the labour force (not entire population), aged 15‐24 were either unemployed or underemployed in Q2 2016 compared to 56.1% in Q1 2016,

==> The persons aged between the ages of 25 and 34, 35.1% of that group were either unemployed or underemployed compared 32.8% in Q1 2016, 31.3%

==>NOTE<==:
Consequently, out of a total youth labour force population of 39.6million (representing 49.5% of total labour force in Nigeria of 79.9mn), a total of 17.6million of them were either unemployed or underemployed in Q2 2016. (Important to note that there is a technical distinction between not working and unemployed. A youth may not be working but may not necessarily be unemployed. A youth not working will only be termed unemployed if he is willing and able to work and actively looking for work within the review period. It is also important to note distinction between unemployed and underemployed. You are unemployed if you do nothing at all and underemployed if you still manage to do something for some money for at least 20 hours a week but is menial and not fully engaging relative to your skills, time and qualifications).

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