Nigeria’s unemployment rate rises to 27.1% - SephoraNews- Nigeria Entertainment Blog SephoraNews- Nigeria Entertainment Blog: Nigeria’s unemployment rate rises to 27.1%
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Friday, 14 August 2020

Nigeria’s unemployment rate rises to 27.1%

Nigeria's umemployment rate increased to 27.1 per cent in the second quarter of 2020 from the 23.1 per cent recorded in Q3 2018.


The National Bureau of Statistics which confirmed this in its statement titled ‘Labor Force Statistics: Unemployment and Underemployment Report’ which was released on Friday August 14, added that the number of persons in the economically active or working age population (15 – 64 years of age) increased to 116,871,186 from 115,492,969 in Q3 2018.

This means more than 17 million Nigerians have become unemployed since December 2014, while the total working age population has grown by almost the same number in those six years.
Imo State reportedly has the highest rate of unemployment with 48.7 per cent, followed by Akwa-Ibom State and Rivers State with 45.2 per cent and 43.7 per cent respectively. Anambra recorded the lowest rate of unemployment at 13.1 per cent.



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