Nigeria’s Unemployment Rate Rises To 23.1%

The Nigerian unemployment rate has risen to 23.1% up from the previous rate of 18.8 per cent released in Q3 of 2017, according to the National Bureau of Statistics.

Partime employment/underemployment is 20.1% in Q3 2018 down from 21.2% in Q3 2017.

The number of people employed rose from 69.09 million in Q3 2017 to 69.54 million in Q3 2018, while the total number of people unemployed jumped from 17.6 million in Q4 2017 to 20.9 million in Q3 2018.

More details to follow.

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