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17.7m Nigerians in job market in Q1 –Bureau
The National Bureau of Statistics (NBS) says Nigeria’s unemployment rate jumped to 7.5 per cent in the first quarter of the year (Q1 2015) compared to 6.4 per cent in the last quarter of 2014.
It said the number of unemployed in the labour force increased by 18.43 per cent to 861,110 persons between Q4 2014 and Q1 2015 while the number of underemployed in the labour force declined by 6.46 per cent, thereby reducing the underemployment rate to 16.6 per cent in the period under review compared to 17.9 per cent in the previous quarter.
The statistical agency said: “There were a total of 17.7 million people between ages 15 and 65 either unemployed or underemployed in the labour force in Q1 2015”.
However, it noted that unemployment and underemployment was more pronounced in women than their male counterpart in Q1 2015.
It noted that in Q1 2015, the labour force population increased to 73.4 million from 72.9million in Q4 2014, representing an increase in the labour force by 0.69 per cent.
The NBS said: “This means 504,596 economically active persons within 1564 entered the labour force i.e. were able and willing and actively looking for work between January 1 and March 31 2015. Within the same period, the total number in full employment (did something for at least 40hours) increased by 0.88 per cent.”
It further stated that 12.2 million Nigerians are said to be underemployed in Q1 2015 compared to 13.1 million persons in Q4 2014.
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me
June 8, 2015 at 11:00 am
what is the source of Data for NBS, all the same, this is a Big challenge for Buhari Administration. if this Administration can correct the Power sector and the corruption in Oil Sector, employment generation will be made easier.