22,942,003 Nigerians under-employed- NBS
A report by the National Bureau of statistics says an estimated 22,942,003 Nigerians, representing 28 per cent of the country’s economically active or working population, aged between 15-64 years are underemployed.
The Labor Force Statistics: Unemployment and Underemployment Report for Q2 2020 released last week, said the number of persons in the economically active or working age population, 15 – 64 years of age, during the reference period of the survey, Q2, 2020 was 116,871,186.
The reported noted that the number grew by 1.2 per cent higher than the figure recorded in Q3, 2018, which was 115,492,969.
It said the number of persons in the labour force, people within ages 15-64, who are able and willing to work was estimated to be 80,291,894.
“This was 11.3% less than the number persons in Q3, 2018. Of this number, those within the age bracket of 25-34 were highest, with 23,328,460 or 29.1% of the labour force,” the report said.
It further disclosed that the total number of people in employment, people with jobs, during the reference period was 58,527,276.
“Of this number, 35,585,274 were full-time employed (i.e. worked 40+ hours per week), while 22,942,003 were under-employed (i.e. working between 20-29 hours per week). This figure is 15.8% less than the people in employment in Q3, 2020.
“The unemployment rate during the reference period, Q2, 2020 was 27.1%, up from the 23.1% recorded in Q3, 2018. The underemployment rate increased from 20.1% in Q3, 2018 to 28.6%,” it said.