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LequteMan
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Nigeria - Nigeria has experienced a huge drop in its unemployment level, according to a recent report released by the National Bureau of Statistics, Punch reports.
The NBS on Thursday said it had revised the country’s labour statistics, stating that as a result, the number of those unemployed had dropped from 16.07 million or 23.9 per cent in 2011 to 4.67 million or 6.4 per cent as at the end of the fourth quarter of 2014.
Read: Unemployment Gets New Definition in Nigeria
In the revised statistics, the total labour force at the end of the fourth quarter of 2014 was put at 72.93 million.
Of this figure, the bureau put the number of those that are fully employed (40 hours and above) at 55.206 million or 75.68 per cent; underemployed (20 to 39 hours) at 13.05 million or 17.89 per cent; and unemployed (one to 19 hours) at 3.14 million or 4.3 per cent.
Curiously, the report said that 1.52 million people, representing 2.08 per cent, were currently not engaged in any economic activity, implying that their working hour was zero.
#Nigeria #Unemployment
The NBS on Thursday said it had revised the country’s labour statistics, stating that as a result, the number of those unemployed had dropped from 16.07 million or 23.9 per cent in 2011 to 4.67 million or 6.4 per cent as at the end of the fourth quarter of 2014.
Read: Unemployment Gets New Definition in Nigeria
In the revised statistics, the total labour force at the end of the fourth quarter of 2014 was put at 72.93 million.
Of this figure, the bureau put the number of those that are fully employed (40 hours and above) at 55.206 million or 75.68 per cent; underemployed (20 to 39 hours) at 13.05 million or 17.89 per cent; and unemployed (one to 19 hours) at 3.14 million or 4.3 per cent.
Curiously, the report said that 1.52 million people, representing 2.08 per cent, were currently not engaged in any economic activity, implying that their working hour was zero.
#Nigeria #Unemployment
