Fidelity bank banner UBA banner
Nigeria’s unemployment rate shoots up to 13.9 per cent

By News Express on 17/12/2016

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 1,406


The National Bureau of Statistics (NBS) has come up with the third quarter unemploy­ment ration disclosing that the country’s unemployment rate has risen from 13.3 per cent in the second quarter to 13.9 per cent in the third quarter of 2016.

This is contained in the Unemployment/Under-employment Report for 3rd Quarter of 2016, released by the NBS on Friday in Abuja.

The report stated that the number of unemployed in the labour force increased by 555,311 persons while the underemployment rate rose from 19.3 per cent in second quar­ter to 19.7 per cent in the third quarter.

According to the report, unemployment covered persons (aged 15–64) who, during the reference period, were currently available for work, actively seeking for work but were without work.

In the case of underemployment, it occurs when a person works less than full time hours, which is 40 hours, but work at least 20 hours on average a week.

The report explained that underemployment could also hap­pen if a person works full time but are engaged in an activity that under-utilises his skills, time and educational qualifications.

It however, disclosed that the economically active population or working age population (persons within ages 15 and 64) increased from 106.69 million in second quarter to 108.03 million in the third quarter.

“This represents a 1.26 per cent increase over the previous quarter and a 3.57 per cent in­crease when compared to the third quarter 2015,” the report stated.

In 3rd quarter, the labour force population (i.e. those with­in the working age population willing, able and actively looking for work) increased to 80.67 million from 79.9 million in sec­ond quarter, this it said, represents an increase of 0.98 per cent in the labour force during the quarter.

“This means about 782,886 persons from the economically active population entered the labour force, that is individuals that were able, willing and actively looking for work.

According to the report, there is eight consecutive rise in the unemployment rate since 4th quarter of 2014. (The AUTHORITY)

Source News Express

Posted 17/12/2016 11:48:19 AM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

 

You may also like...
Ooni warns against inflammatory statements

No going back on Biafra, say Indigenous People...

PDP crisis: Dickson insists on political solution, asks...

Breaking News: Olu Akanmu, Airtel Nigeria’s Chief Marketing...

N200m lost to rainstorm in Katsina

Pregnant African Muslim to be flogged to death...

Lagos, USA collaborate to strengthen trade relations

RIGHTSView: Fiscal Responsibility Commission, a waste of taxpayers’...

Weatherman predicts moderate dust haze up North today,...

El-Rufai declares N90 billion and 40 mansions as...

2015: Wike’s supporters on rampage, hit PDP members,...

Group petitions IGP over gruesome murder by Anambra...

 

Latest News 233 policemen arrested for corruption Sex video tape played in Lagos court in evidence Saraki, Dogara guilty of corruption — Legislative aides Woman dies as mobile phone explodes in bedroom, husband injured Amnesty tasks International Criminal Court, wants full-blown investigation into Boko Haram’s atrocities 2019: Okowa calls for issue-based campaign as Delta State PDP inaugurates Campaign Council DAPPMA suspends shutdown of operations, gives 5-day grace notice 2019: Dogara accuses FG of vote-buying, inducement Confusion deepens in Ogun PDP as Kashamu launches governorship campaign Buhari unveils Corruption Risk Assessment Report ASUU decries alleged intimidation of members in UNILAG by pro-chancellor 2019: Agbaje vows to free Lagos from godfatherism if elected Governor

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (429,431 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (394,556 views) Shameless Genevieve Nnaji exposes breasts in public (327,470 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (280,806 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (247,637 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (229,160 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (211,928 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (193,165 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (179,408 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (170,333 views) Lagos plane crash: Journalist releases victims’ names (167,104 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (153,600 views)

 

Zenith Zero Balance First Bank chat banking

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (76) Business & Economy (3,870) Business Verdict (54) Columnists (972) Complaints & Requests (95) Enterprise & Opportunities (208) Entertainment (575) Features (679) Global Business Monitor (311) International (2,801) Interview (167) Live Commentary (28) Love Matters (146) Maggie's Blog (64) News (41,321) Opinion (1,150) Pidgin (13) Politics (8,101) Religion (911) Sports (1,812) Stock Watch (35) AMA & Al Jazeera Global Update

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera