Nigeria’s unemployment rate has jumped from 27.1% in the second quarter of 2020 to 33.5% in fourth quarter of the same year, Nigeria Bureau of Statics said.
NBS, in the report published on its website, put the underemployment rate at 22.8% in Q4 2020 (28.6% in Q2 2020) while the total of unemployment and underemployment was put at 40% in Q4 2020 (35.2% in Q2 2020)
“The number of persons in the economically active or working-age population (15 – 64 years of age) during the reference period of the survey, Q4, 2020 was 122,049,400,” NBS said. (Guardian)