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Thursday, July 18, 2024

DISCOVER NIGERIA: NIGERIA IS ONE OF THE COUNTRIES LEADING IN THE WORLD’S UNEMPLOYMENT RATE WITH 33 PERCENT.

Unemployment Rate in Nigeria increased to 33.30 percent in the fourth quarter of 2020 from 27.10 percent in the second quarter of 2020.

In Nigeria, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.

Nigeria’s unemployment rate is the highest amongst 48 countries in the world.

Nigeria🇳🇬is ahead of South Africa – 32.9 percent🇿🇦Spain – 13.26 percent🇪🇸 Greece – 11.2 percent🇬🇷 Colombia – 10.7 percent🇨🇴 Turkey – 10 percent🇹🇷Iran  – 9.7 percent🇮🇷Uruguay – 8.8 percent🇺🇾Chile – 8.7 percent🇨🇱Brazil – 8.5 percent🇧🇷

Key Stats🔐

Unemployment Rate – 33.30 percent (Dec 2020)

Employed Persons – 46488.00  Thousand      (Dec 2020)

Unemployed Persons  – 23187.00    Thousand      (Dec 2020)

Youth Unemployment Rate – 53.40 percent  (Dec 2020)

Employment Rate        – 66.70   percent  (Dec 2020)

Employment Change – 187226.00   Jobs        (Sep 2016)

What can Nigeria do to reduce its high unemployment rate from 33.3 percent to 10 percent?

Source:

National Bureau of Statistics, Nigeria

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