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The unemployment rate in the country rose to 14.2 per cent in the fourth quarter of 2016 from the 13.9 per cent recorded at the preceding quarter.
This was revealed in the labour force statistics released on Monday by the Statistician General of National Bureau of Statistics of Nigeria, Dr. Yemi Kale.
Kale highlights that unemployed persons has risen to 11.55 million in the fourth quarter (q4) of 2016 from 11.19 million in the third quarter (q3) which indicates an increase of 0.36million as labor force rises to 81.15mn from 80.67mn.
Nigeria had the 40th highest unemployment rate in the world in q4 2016 and 21st highest in Africa pic.twitter.com/3kGfdBCbvp
— Dr Yemi Kale (@sgyemikale) June 5, 2017
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It therefore means that the unemployment rate has risen to 14.2% in q4 2016 from 13.9% in q3 2016.
The underemployment rate, Kale wrote, rose to 21.0% or 17.02 million persons in q4 2016 from 19.7% or 15.91 million persons in q3 2016.
More analysis below:
Summary of Q4 2016 unemployment and underemployment report pic.twitter.com/lmul7OOIUd
— Dr Yemi Kale (@sgyemikale) June 5, 2017
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Unemployment higher in urban areas while underemployment higher in rural areas in q4 2016 pic.twitter.com/nKFL6WSQ2n
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— Dr Yemi Kale (@sgyemikale) June 5, 2017
Both Unemployment and underemployment higher for women in q4 2016 pic.twitter.com/wibuFuJxJB
— Dr Yemi Kale (@sgyemikale) June 5, 2017
Youth unemployment+ underemployment (ages 15-34) = 19.31mn persons in q4 2016 from 18.33mn from q3 2016 pic.twitter.com/n2pYEBeg8C
— Dr Yemi Kale (@sgyemikale) June 5, 2017
Unemployment+Undeemployment in q1 2014= 10.30mn persons for ages 15-24; 9.0mn persons for ages 25-34; 4.46mn persons for ages 35-44 years pic.twitter.com/J4C6eL9jct
— Dr Yemi Kale (@sgyemikale) June 5, 2017
Unemployment+Undeemployment in q1 2014=61.6% for ages 15-24; 37.5% for ages 25-34; 23.3% for ages 35-44; 21.3% for ages 45-54 & 24.9% -55-64 pic.twitter.com/LqO0YQKILI
— Dr Yemi Kale (@sgyemikale) June 5, 2017
Unemployment higher for ages 15-24 (25.2%) and 25-34(15.4%); underemployment same age groups(36.5% for 15-24 and 22.1% for ages 25-34 years) pic.twitter.com/pm6fHz3SQB
— Dr Yemi Kale (@sgyemikale) June 5, 2017
Total unemployment and underemployment rate at 35.2% in Q4 2016 or 28.57mn persons compared to 33.6% in q3 2016 or 27.11mn persons pic.twitter.com/4sEAsze2qC
— Dr Yemi Kale (@sgyemikale) June 5, 2017
Underemployment rate rises to 21.0% or 17.02mn persons in q4 2016 from 19.7% or 15.91mn persons in q3 2016. pic.twitter.com/WQxBr8SNm9
— Dr Yemi Kale (@sgyemikale) June 5, 2017
Unemployment rate rises to 14.2% in q4 2016 from 13.9% in q3 2016 representing ninth consecutive rise since q4 2014 pic.twitter.com/bdqMdmFoHK
— Dr Yemi Kale (@sgyemikale) June 5, 2017
Unemployed persons rises to 11.55mn in q4 2016 from 11.19mn in q3 2016 ( increase of 0.36mn) as labor force rises to 81.15mn from 80.67mn pic.twitter.com/kDOaZ5bvvq
— Dr Yemi Kale (@sgyemikale) June 5, 2017