Nigeria’s unemployment rate has gone up by 27 per cent
in the second quarter of 2020, from 23.1 per cent it reported in Q3
2018.
The National Bureau of Statistics (NBS) disclosed this in its
‘Labor Force Statistics: Unemployment and Underemployment Report’
released on Friday.
“For the period under review, Q2 2020, the unemployment rate
among young people (15-34 years) was 34.9 per cent, up from 29.7
per cent, while the rate of underemployment for the same age group
rose to 28.2 per cent from 25.7 per cent in Q3 2018,” the NBS
report said. “These rates were the highest when compared to other
age groupings.”
According to the NBS, the number of persons in the economically
active age (15 – 64 years), jumped from 115,492,969 in Q3 2018 to
116,871,186 in Q2 2020.
“The number of persons in the labour force (i.e. people within
ages 15 -64, who are able and willing to work) was estimated to be
80,291,894,” it said.
This was 11.3 per cent less than the number of persons in Q3
2018.
“Of this number, those within the age bracket of 25-34 were
highest, with 23,328,460 or 29.1 per cent of the labour force,” it
added.
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A further peep into the latest NBS unemployment data indicated
that the number of employed people in Q2 2020 slumped by 15.8 per
cent to 58,527,276 when placed side by side with that of Q3
2018.
“Of this number, 35,585,274 were full-time employed (i.e. worked
40+ hours per week), while 22,942,003 were underemployed (i.e.
working between 20-29 hours per week),” the report revealed.
At 48.7 per cent, Imo State has the highest unemployment rate in
the country and is trailed by Akwa-Ibom State (45.2 per cent) and
Rivers State (43.7 per cent).
Anambra State, however, has the lowest unemployment rate in the
nation – 17 per cent.
“For underemployment, the state which recorded the highest rate
was Zamfara with 43.7 per cent, while Anambra State recorded the
lowest underemployment rate, with 17 per cent in Q2 2020,” the
agency said.
Due to the COVID-19 pandemic, the NBS said: “2,736,076 did not
do any work in the last seven days preceding the survey due to the
lockdown but had secure jobs to return to after the lockdown.”
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