Nigeria's Unemployment Grows - 23%
Quote from Ndubuisi Ekekwe on December 20, 2018, 6:01 PMGovernment is reporting that our unemployment has gone up to 23%. If you add underemployed, we could be hitting 48% in the nation. Certainly, as Mr. President noted, our economy is in "bad shape" indeed.
The report, which highlights the country’s unemployment and underemployment figures between 2017 and 2018, revealed the rate of unemployment grew from 18.8 percent to 23.1 per cent over the period.
According to the report, the number of people classified as unemployed grew from 17.6 million in the last quarter of 2017 to 20.9 million as at the third quarter of 2018.
Of the 20.9 million people classified as unemployed as at the third quarter of 2018 –11.1 million or 53.1 per cent — did some form of work, but worked less than 20 hours a week to be officially classified as employed; while 9.7 million, or 46.4 percent, did nothing.
Government is reporting that our unemployment has gone up to 23%. If you add underemployed, we could be hitting 48% in the nation. Certainly, as Mr. President noted, our economy is in "bad shape" indeed.
The report, which highlights the country’s unemployment and underemployment figures between 2017 and 2018, revealed the rate of unemployment grew from 18.8 percent to 23.1 per cent over the period.
According to the report, the number of people classified as unemployed grew from 17.6 million in the last quarter of 2017 to 20.9 million as at the third quarter of 2018.
Of the 20.9 million people classified as unemployed as at the third quarter of 2018 –11.1 million or 53.1 per cent — did some form of work, but worked less than 20 hours a week to be officially classified as employed; while 9.7 million, or 46.4 percent, did nothing.