Business Unemployment Has a New Definition in Nigeria

  • Thread starter Thread starter LequteMan
  • Start date Start date
L

LequteMan

Guest
Nigeria - The National Bureau of Statistics, in its recent report on unemployment, modified its definition of joblessness, Punch reports.

The bureau had in September 2014 constituted a committee of experts and stakeholders to review the definition and methodology applied in computing unemployment statistics in the country

Historically, the NBS defined the unemployed as the proportion of the labour force that did no work at all or worked less than 40 hours a week.

This, however presents a major challenge, as those who work for less than 40 hours are classified as unemployed.

The International Labour Organisation uses one hour a week as the benchmark as opposed to the 40 hours used by the NBS

But following the recommendation of the committee, which was chaired by Prof. Sarah Anyanwu of the University of Abuja, the NBS has now adopted 20 hours per week to be used in computing the unemployment rate.

#Nigeria #Unemployment

fired.jpg
 
Back
Top