Four Million Nigerians Lost Their Jobs In 2017 – NBS

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olamide
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Four Million Nigerians Lost Their Jobs In 2017 – NBS

Post by olamide » Sat Dec 23, 2017 12:46 pm

Between January and September this year, a total number of 4.07 million Nigerians became unemployed, an analysis of the unemployment report for the third quarter released by the National Bureau of Statistics has revealed.

The bureau in the report, made available to our correspondent on Friday, stated that the number of Nigerians that became unemployed rose from 11.92 million in the first quarter of this year to 13.58 million and 15.99 million in the second and third quarters respectively.

It said between the second quarter and third quarter, the number of economically active or working age population (15 – 64 years of age) increased from 110.3 million to 111.1 million.

The NBS report said the increasing unemployment and underemployment rates imply that although Nigeria’s economy is officially out of recession, domestic labor market is still fragile and economic growths in the past two quarters in 2017 have not been strong enough to provide employment in Nigeria’s domestic labor market.

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