The Nigerian Bureau of Statistics (NBS) says the total number of Nigerians<\/p>\n
who became unemployed within the first and second quarter of 2016 now
\nstands at 2.6 million.<\/p>\n
According to the bureau, about 1.46 million Nigerians became unemployed in
\nthe third quarter of 2015, while another 518,102 became unemployed in the
\nfourth quarter of 2015.<\/p>\n
This brings the total freshly unemployed persons in the economy to a
\nrecord high of 4,580,602, since President Muhammadu Buhari took office in
\nMay 2015.<\/p>\n
In its second quarter unemployment and underemployment report released on
\nWednesday, NBS said the country\u2019s unemployment rate grew from 12.1 percent
\nin the first quarter of 2016 to a record high of 13.3 percent in the
\nsecond.<\/p>\n
\u201cDuring the reference period, the number of unemployed in the labour force
\nincreased by 1,158,700 persons, resulting in an increase in the national
\nunemployment rate to 13.3% in Q2 2016 from 12.1 in Q1 2016, 10.4% in Q4
\n2015 from 9.9% in Q3 2015 and from 8.2% in Q2 2015,\u201d NBS said.<\/p>\n
\u201cIn view of this, there were a total of 26.06 million persons in the
\nNigerian labour force in Q2 2016, that were either unemployed or
\nunderemployed compared to compared to 24.5 million in Q1 2016 and 22.6
\nmillion in Q4 2015.\u201d<\/p>\n
The economically active population or working age population (persons
\nwithin ages 15- 64) increased from 106million in Q1 2016 to 106.69 million
\nin Q2 2016, the report added.<\/p>\n
Underemployment in the economy was also on the rise, with 15.4 million
\nNigerians said to be underemployed.<\/p>\n
\u201cThe number of underemployed in the labour force (those working but doing
\nmenial jobs not commensurate with their qualifications or those not
\nengaged in full-time work and merely working for few hours) increased by
\n392,390 or 2.61%, resulting in an increase in the underemployment rate to
\n19.3 % (15.4million persons) in Q2 2016 from 19.1% (15,02 million persons)
\nin Q1 2016, 18.7% (14.42 million persons) in Q4 2015, from 17.4% (13.2
\nmillion persons) in Q3 2015 and 18.3% (13.5 million persons) in Q2 2015.\u201d<\/p>\n
There were a total of 26.06 million persons in the Nigerian labour force
\nin Q2 2016, that were either unemployed or underemployed compared to
\ncompared to 24.5 million in Q1 2016 and 22.6 million in Q4 2015.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Nigerian Bureau of Statistics (NBS) says the total number of Nigerians who became unemployed within the first and second quarter of 2016 now stands at 2.6 million. According to…<\/p>\n","protected":false},"author":1,"featured_media":51269,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[17],"tags":[],"class_list":["post-52746","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-exclusive"],"yoast_head":"\n