The National Bureau of Statistics (NBS) has reported that Nigeria’s unemployment rate dropped to 4.3% in the second quarter (Q2) of 2024, down from 5.3% in the first quarter (Q1).
According to the NBS, the unemployment rate reflects the percentage of the labour force—comprising both employed and unemployed individuals—who are jobless but actively seeking work and available to take up employment.
According to the report released on Monday, 25th of November 2024,
“The unemployment rate for Q2 2024 was 4.3%, showing an increase of 0.1 percentage point compared to the same period last year.
The unemployment rate among males was 3.4% and 5.1% among females.
By place of residence, the unemployment rate was 5.2% in urban areas and 2.8% in rural areas. Youth unemployment rate was 6.5% in Q2 2024, showing a decrease from 8.4% in Q1 2024.” [CONTINUE READING HERE]>>>>>
DISCLAIMER
For publication of your news content, articles, videos or any other news worthy materials, please send a mail to thefreshreporters@gmail.com
Join Other Great Readers, FOLLOW us On WHATSAPP>> https://chat.whatsapp.com/DN0y4bGIbVI4II6aNcPssb
Join Other Great Readers On TELEGRAM>> https://t.me/freshreporters
For Advert and other info, Click this link to send a Message to the Admin https://freshreporters.com/advertise/