1.3 million Nigerians have lost their job since between May and August
There are indications that the country’s labour market has taken a major hit with worsening unemployment recorded in the second quarter (Q2) of 2015. About 1, 317,700 Nigerians lost their jobs within the period.
On the other hand, the number of underemployed increased significantly with new hire of about 1,362,274 citizens in this category of employment during the period.
Within the same period, the number of unemployed in the labour force increased to 6,063,500, a significant 9.6 per cent from 5,533,600 recorded in first quarter (Q1), resulting in an increase in unemployment rate to 8.2 per cent in Q2, 2015 from 7.5 per cent in Q1. This represents a third consecutive rise in the unemployment rate since third quarter 2014.
Accordingly, there were a total of 19.6 million people between ages 15 and 65 either unemployed or underemployed in the labour force in Q2, 2015, compared to 17.7 million in Q1 2015.
No comments:
Post a Comment