What are the latest news about situation with job and economics in Nigeria? How did the total quantity of Nigerians, who became unemployed, increased in comparison with other years? Read the article to learn more information about Nigerian Bureau of Statistics’ researches.
Latest news – jobless growth in Nigeria
Joblessness in Nigeria increases. The Nigerian Bureau of Statistics (NBS) announced a total quantity of Nigerians who became unemployed in the first and second quarter 2016. Now their number reaches 2.6 million. According to bureau, about 1.46 million Nigerians became unemployed in the third quarter 2015 while more – 518,102 – became unemployed in the fourth quarter 2015. It brings to total quantity of jobless people in economy, which reached record-breaking high level 4,580,602 since the moment when President Muhammadu Buhari held the post in May 2015. In jobless rate in the second quarter and the report on part-time employment published on Wednesday, NBS said that the level of unemployment of the country grew from 12.1 percent in the first quarter 2016 to record-breaking high level of 13.3 percent.
‘During accounting period, the number of unemployed people increased by 1,158,700 people that led to increase in the national level of unemployment by 13.3% in the 2nd quarter 2016 in comparison with 12.1 in the 1st quarter 2016, 10.4% in the 4th quarter 2015 instead of 9.9% in the 3rd quarter of 2015 and 8.2% in the 2nd quarter 2015’ – NBS told. ‘So, in total, 26.06 million people in the 2nd quarter 2016 were either jobless or partial-time workers in comparison with 24.5 million in the 1st quarter 2016 and 22.6 million in the 4th quarter 2015. The economically active population or able-bodied population (aged people 15 – 64) increased from 106 million in the 1st quarter 2016 to 106.69 million in the 2nd quarter 2016.
The part-time employment in economy also increased in 15.4 million Nigerians, who confirmed that they were partially busy. ‘The number of people partially busy in labor power (occupied with the low-paid job not proportional to their qualifications or not completely occupied with this job and just work within several hours) increased by 392,390 or 2.61% that led to increase in level of part-time employment by 19.3% (15.4 million people) in the 2nd quarter 2016 from 19.1% (15,02 million people) in the 1st quarter of 2016 – 18.7% (14.42 million people) in the 4th quarter of 2015 – 17.4% (13.2 million people) in the 3rd quarter of 2015 and 18.3% (13.5 million people) in the 2nd quarter 2015’. In total 26.06 million people were jobless or partially busy in comparison with 24.5 million in the 1st quarter 2016 and 22.6 million in the 4th quarter 2015.
- READ ALSO: How to find out if a job is scam?