3.3 million more Nigerians unemployed in 9 months, 20.9 million overall in third quarter of 2018 - NBS

New data released by the National Bureau of Statistics (NBS) has revealed that Nigeria's unemployed population undertook a significant increase of 3.3 million between Q4 2017 and Q3 2018.

The figure which stood at 17.6 million rose to 20.9 million in just nine months, for people who had no job or worked under 20 hours a week, according to the data published on Wednesday.

That shows the unemployment rate increase from 18.8% in Q3 2017 to 23.1% in Q3, 2018.

11.1 million people of the the total 20.9 million were found to have some form of work but for under 20 hours --short of the employment classification-- while from the 9.7 million that did 'absolutely nothing', 8.77 million were reported to be unemployed and doing nothing because they were first time job seekers and have never worked before.

The remaining number of people were previously employed but lost their jobs at some point in the past which is why they were unemployed.

The summary of the report noted that the number of economically active or working age population (15-64 years of age) in the country increased from 111.1 million in Q3 2017 to 115.5 million in Q3 2018.

Even though the number of people in the labour force (i.e. people who are able and willing to work) increased from 85.1 million in Q3 2017 to 90.5 million in Q3 2018, the total number of people in employment (i.e with jobs) only increased from 69.09 million to 69.54 million in the same period.

Additional information from Pulse.ng

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