DAILY POST
Nigeria’s unemployment rate increased by 0.1 per cent to 4.2 per cent in the second quarter from 4.1 per cent in Q1 2023.
The National Bureau of Statistics latest report on Nigeria Labour Survey Force Q2 2023 disclosed.
According to NBS the employment-to-population ratio was 77.1 per cent in Q2 2023 and the combined rate of unemployment, time-related underemployment as a share of the labour force population, stood at 15.5 per cent in the period under review
It noted that the unemployment rate among youth aged (15-24 years) in Q2 2023 increased to 7.2 per cent from 6.9 per cent in Q1 2023.
The data further showed that most workers in Nigeria, around 88.0 per cent were in self-employment in Q2 2023.
Meanwhile, only 12 per cent proportion of workers are in Wage Employment in the period under study.
