Nigeria’s unemployment rate rose to 10.4% in last quarter of 2015, says NBS

The National Bureau of Statistics, NBS, yesterday noted that the unemployment rate in the country climbed to 10.4 per cent in the fourth quarter of 2015 compared to 9.9 per cent in the previous quarter. The rate was recorded at 8.2 per cent in Q2 2015.

While putting the active labour force of the country at 76.96m, the bureau explained that a total of 22.45 million of the total labour force of 76.96 million were either unemployed or underemployed in Q4 compared to 20.7 million in Q3 and 19.6 million in Q2.

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This was contained in the Unemployment/Underemployment Report for Q4 2015, which noted that the number of unemployed increased by 518,102 persons, resulting in an increase in the national unemployment rate.

The statistical agency further stated that the labour force population – those within the working age population willing, able and actively looking for work- increased to 76.96 million from 75.94million in Q3, representing an increase of 1.34 per cent during the quarter.

It added that the economically active population or working age population-persons within ages 15 and 64- increased to 105.02 million in Q4, from 104.3 million in Q3, representing a 0.68 per cent increase over the previous quarter and a 3.2 per cent rise when compared to Q4 2014.

“This means 1.02 million persons in the economically active population entered the labour force, that is individuals that were able, willing and actively looking for work,” the NBS added.

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