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Nigeria’s unemployment rate rises to 13.9 per cent
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Nigeria’s unemployment rate rises to 13.9 per cent

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As recession bites harder, the number of unemployed people in Nigeria has risen in the past three months, according to official records.

The National Bureau of Statistics, NBS, says Nigeria’s unemployment rate rose from 13.3 per cent in the second quarter to 13.9 per cent in the third quarter of 2016.

This is according to 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.

According to the report, the underemployment rate rose from 19.3 per cent in second quarter to 19.7 per cent in the third quarter.

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

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