The National Bureau of Stats (NBS), on Friday, August 14, launched its joblessness approach evaluation after practically 2 years given that its last release.
The report mentions that:
- The variety of individuals in the financially active or working-age population (15 64 years of age) throughout the recommendation duration of the study, Q2, 2020 was 116,871,186.
- The variety of individuals in the labour force (i.e. individuals within ages 15 -64, who are able and ready to work) was approximated to be 80,291,894. This was 11.3% less than the variety of individuals in Q3, 2018. Of this number, those within the age bracket of 25-34 were greatest, with 23,328,460 or 29.1% of the labour force.
- The overall variety of individuals in work (i.e. individuals with tasks) throughout the recommendation duration was occupants, it increased to 31.5% from 22.8%, while the rate amongst city occupants increased to 23.2% from 58,527,276.
- Of this number, 35,585,274 were full-time used (i.e. worked 40+ hours each week), while 22,942,003 were underemployed (i.e. working in between 20-29 hours each week). This figure is 15.8% less than individuals in work in Q3, 2020
- The joblessness rate throughout the recommendation duration, Q2, 2020 was 27.1%, up from the 23.1% taped in Q3, 2018. The underemployment rate increased from 20.1% in Q3, 2018 to 28.6%.
- For the duration under evaluation, Q2, 2020, the joblessness rate amongst youths (15-34years) was 34.9%, up from 29.7%, while the rate of underemployment for the exact same age increased to 28.2% from 25.7% in Q3, 2018. These rates were the greatest when compared to other agegroupings.
- 13.9 million Nigerian youth aged in between 15 and 34 years are presently without jobs/underemployed, while 7.6 countless this subset ‘Did Nothing’.
- About 12.2 million females are presently out of tasks and 27 million are presently out of work.
- Graduates and postgraduates integrated comprised about 2.9 countless the overall Nigerians that are out of work.
- Out of the 35.5 million Nigerians that are completely used, 28.8 countless them never ever went to school (6.29 million) or did not have a tertiary education (22.5 ).
- In reality, 13.2 million completely used individuals in Nigeria are those with Senior Secondary School certificates.