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|NBS: Unemployment Rate Rises To 23.1%, 20.9m Nigerians Jobless by chidima2019: 4:20am On Dec 20, 2018|
The country’s unemployment rate worsened in the third quarter of 2018 (Q3,2018), rising from 18.8 per cent in Q3 2017 to 23.1 per cent in the third quarter of 2018, the labour report by the National Bureau of Statistics (NBS), has shown.
According to the Labour Force Statistics – Volume I released yesterday, the total number of people classified as unemployed-which means they did nothing at all or worked for a few hours (under 20 hours a week) rose from 17.6 million in Q4 2017 to 20.9 million in Q3 2018.
The economically active or working age population (15 – 64 years of) also increased from 111.1 million in Q3, 2017 to 115.5 million in Q3, 2018.
The report also showed that the labour force, which is the number of people who are able and willing to work rose to 90.5 million in Q3, 2018 from 75.94 million in Q3, 2015.
It was 80.66 million in Q3 2016 and 85.1 million in Q3, 2017, the NBS’ report stated.
According to the statistical agency, the total number of people in part-time employment (or under-employment) however, rose to 18.21 million in Q3 2018, from 13.20 million in Q3 2015, 11.19 million in Q3 2016 and 18.02 million in Q3 2017.
The total number of people in full-time employment (at least 40 hours a week) also increased from 51.1 million in Q3 2017 to 51.3 million in Q3, 2018, the report said.
The NBS, however, explained: “Of the 20.9 million persons classified as unemployed as at Q3 2018 11.1 million did some form of work but for too few hours a week (under 20 hours) to be officially classified as employed while 9.7 million did absolutely nothing.
“Of the 9.7 million unemployed that did absolutely nothing as at Q3 2018, 90.1 per cent of them or 8.77 million were reported to be unemployed and doing nothing because they were first time job seekers and have never worked before.
“On the other hand, 9.9 million or 0.9 per cent of the 9.7 million that were unemployed and doing nothing at all reported they were unemployed and did nothing at all because they were previously employed but lost their jobs at some point in the past which is why they were unemployed,” the report said.
According to the NBS: “Of the 9.7 million that were unemployed and did nothing at all; 35.0 per cent or 3.4 million have been unemployed and did nothing at all for less than a year; 17.2 per cent or 1.6 million for a year, 15.7 per cent or 1.5 million had been unemployed and did nothing for two years, and the remaining 32.1 per cent or 3.1 million unemployed persons had been unemployed doing nothing for three and above years.”
It, however, pointed out that a rise in the unemployment rate is not entirely equivalent to an increase in job losses, adding: “Rather, an increase in unemployment can occur as a result of several reasons of which loss of an existing job is just one.”
A rise in unemployment, the NBS said, generally means that the number of people searching for jobs has increased, “which can occur because people previously outside the labour force – students and housewives, have decided to join the labour force and are now in search of jobs, or people previously working have lost their jobs and are now in search of jobs. Often, it is a combination of these two.”
Controversy had preceded the release of the unemployment statistics by the NBS.
The Statistician General of the Federation and Chief Executive, NBS, Dr. Yemi Kale, had refuted an online report that the presidency had asked him to doctor the country’s unemployment/underemployment data.
He had threatened to resign if he was asked to tinker with the data in order to favour the All Progressives Congress (APC)-led government.
The report had alleged that President Muhammadu Buhari had during a recent meeting of the Federal Executive Council (FEC) ordered Kale to change the high unemployment statistics and reflect the rising rate of employment in the agriculture sector.
Responding to the statistics, the presidential candidate of the Peoples Democratic Party (PDP), Alhaji Atiku Abubakar, has expressed serious concern over the hardship being experienced by Nigerians, saying the Buhari-led federal government is clueless on the way out of the unemployment problems confronting the nation.
Atiku said in a statement by his Special Assistant on Public Communication, Mr. Phrank Shaibu, that hopes for better governance and improved standard of living that many had nursed with the assumption of office by Buhari in May 2015 had since given way to despair and hopelessness.
He said a cloud of uncertainty now hangs over Nigeria, as millions of ablebodied men who are willing and capable are unable to access gainful employment.
Atiku said in the midst of biting unemployment and unprecedented level of insecurity, the APC-led federal government seems utterly clueless on how to arrest the situation, forcing many to conclude that Nigeria is fast becoming a failed state.
‘’In the midst of all these, the government through Vice President Yemi Osinbajo is spending money like drunken sailors, shelling out billions of taxpayers’ funds on Tradermoni, a crafty scheme to buy voters ahead of next year’s polls,” the presidential candidate said.
|Re: NBS: Unemployment Rate Rises To 23.1%, 20.9m Nigerians Jobless by royalamour(m): 4:22am On Dec 20, 2018|
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|Re: NBS: Unemployment Rate Rises To 23.1%, 20.9m Nigerians Jobless by orisa37: 5:05am On Dec 20, 2018|
Nigeria is seriously in Depression now.
|Re: NBS: Unemployment Rate Rises To 23.1%, 20.9m Nigerians Jobless by onez: 5:13am On Dec 20, 2018|
The worst govt since amalgamation, yet some people wants us to repeat the mistake. NEVER
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