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JUST IN: Nigeria’s Unemployment Rate Rises To Record 33.3 Percent - Politics - Nairaland

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"It Is Not True"-NBS Faults Ngige On The Accuracy Of Nigeria's Unemployment Data / Nigeria’s Unemployment Rate To Reach 33.5% By 2020 – Ngige / Buhari Has Asked NBS To Change Statistics On Unemployment Rate —Presidency (2) (3) (4)

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JUST IN: Nigeria’s Unemployment Rate Rises To Record 33.3 Percent by iwaeda: 5:26pm On Mar 15
Nigeria’s unemployment rate continued its rise in the last quarter of 2020, the National Bureau of Statistics said in a statement on Monday, jumping to a record 33.3 percent.

The statistics office also said the number of underemployed Nigerians worsened in the same period to 22.8 percent.

Another troubling part of the report was that the number of Nigerians not gainfully employed also jumped to 40 percent, indicating that the country has yet to recover from the coronavirus disruptions that characterised economic activities for 2020.

Details shortly…

Nigeria’s unemployment rate rose from 27.1 per cent in the second quarter of 2020 to 33.3 per cent in the fourth quarter of 2020, the latest figures from the National Bureau of Statistics revealed on Monday.

The NBS stated in its report on ‘Labour force Statistics: Unemployment and underemployment report- Abridged labour force survey under COVID-19 (Q4, 2020) that this translates to 23.19 million unemployed people.




Part of the report read, “During the reference period, the computed national unemployment rate rose from 27.1 per cent in Q2, 2020 to 33.3 per cent in Q4, 2020, while the underemployment rate decreased from 28.6 per cent to 22.8 per cent.

“A combination of both the unemployment and underemployment rate for the reference period gave a figure of 56.1 per cent.




“This means that 33.3 per cent of the labour force in Nigeria or 23,187,389 persons either did nothing or worked for less than 20 hours a week, making them unemployed by our definition in Nigeria.

“This is an additional 1,422,772 persons from the number in that category in Q2, 2020.




“Using the international definition of unemployment, the rate was computed to be 17.5 per cent.”

https://www.gazettengr.com/just-in-nigerias-unemployment-rate-rises-to-record-33-3-percent/
Re: JUST IN: Nigeria’s Unemployment Rate Rises To Record 33.3 Percent by JasonIbori: 5:30pm On Mar 15
If we talk now, the useless Desmond Efulefu Elliot will call us children...

If we talk, the notorious tyrant moderator we all know will give us a lengthy ban for not "mynding" our business...

If we talk, Buhari Media Cow's (BMC) under the leadership of one vulture meat business man will say that his darling daddy has given every youth N-Power financial drink.

4 Likes

Re: JUST IN: Nigeria’s Unemployment Rate Rises To Record 33.3 Percent by Nbotee(m): 5:35pm On Mar 15
Lol... Dats d official figure na abi.. We know the unofficial figure is now over 50% and yet the useless govt dat can't create anything is only interested in banning and destroying everything
Re: JUST IN: Nigeria’s Unemployment Rate Rises To Record 33.3 Percent by Nobody: 5:42pm On Mar 15
Which kin country be this sef

You will hardly hear of any good news.

I think is now getting to a time we Nigerians should rise up, and if northerners are still comfortable with this Government led by the vegetable in Aso rock

Let the south rise against the FG.
Re: JUST IN: Nigeria’s Unemployment Rate Rises To Record 33.3 Percent by daddytime(m): 5:43pm On Mar 15
Na wa....

Even people wey get work sef dey technically unemployed...
Re: JUST IN: Nigeria’s Unemployment Rate Rises To Record 33.3 Percent by Monogamy: 5:43pm On Mar 15
Wait for FG to blame Covid for this
Re: JUST IN: Nigeria’s Unemployment Rate Rises To Record 33.3 Percent by Maxymilliano(m): 5:55pm On Mar 15
The statistics office also said the number of underemployed Nigerians worsened in the same period to 22.8 percent.

Another troubling part of the report was that the number of Nigerians not gainfully employed also jumped to 40 percent,

Compare and contrast the above statistics with what Buhari promised the country prior to 2015 election.

Craze Man

Re: JUST IN: Nigeria’s Unemployment Rate Rises To Record 33.3 Percent by iwaeda: 6:45pm On Mar 15
Maxymilliano:


Compare and contrast the above statistics with what Buhari promised the country prior to 2015 election.

Craze Man


Everything happening now are in contrast to all their promises.
Re: JUST IN: Nigeria’s Unemployment Rate Rises To Record 33.3 Percent by iwaeda: 6:47pm On Mar 15
lalasticlala
Re: JUST IN: Nigeria’s Unemployment Rate Rises To Record 33.3 Percent by 4four(m): 6:49pm On Mar 15
This is one of the great achievement for our darling daddy
Re: JUST IN: Nigeria’s Unemployment Rate Rises To Record 33.3 Percent by Starzo: 6:54pm On Mar 15
it's actually 82%
Re: JUST IN: Nigeria’s Unemployment Rate Rises To Record 33.3 Percent by iwaeda: 7:12pm On Mar 15
4four:
This is one of the great achievement for our darling daddy

Your daddy indeed or BBQ?

1 Like

Re: JUST IN: Nigeria’s Unemployment Rate Rises To Record 33.3 Percent by Mynd44: 7:26pm On Mar 15

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