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Nigeria Unemployment Rate Surges To 9.9 Percent - Politics - Nairaland

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Nigeria’s Unemployment Crisis Worsens; Rate Jumps By 518,000 In 3 Months — NBS / NECA: Nigeria’s Unemployment Rate Is Time Bomb / External Reserves Fall To $30.794bn, Inflation Inches To 9.3% (2) (3) (4)

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Nigeria Unemployment Rate Surges To 9.9 Percent by Truth234(m): 4:59am On Nov 24, 2015
According to National Bureau of Statistics (NBS) report, the number of unemployed in the labour force increased by 1,454,620 persons between the second quarter (Q2) and third quarter (Q3) of 2015, resulting in an increase in unemployment rate to 9.9% in Q3 2015 from 8.2% in Q2 2015 and 7.5% in Q1 2015. This represents a fourth consecutive rise in the unemployment rate since Q3 2014.

The report shows that in Q3 the number of working age population willing and actively looking for work increased to 75.9 million from 74.0 million in Q2 2015, representing an increase of 2.6 percent in the labour force. This means 1,929,800 economically active persons within 15‐64 age bracket entered the labour force i.e. were able and willing and actively looking for work between July 1 and September 30 2015.

This consisted of newly qualified graduates, new entrants into the economically active population actively seeking work and previous members of the economically active population that choose not to work for whatever reasons in earlier periods (number of those not willing to work in the economically active population declined to 28.3 million in Q3 2015 from 29.5million in Q2 2015 meaning about 1.3 million people in the working age population that choose not to work in Q2 decided to work in Q3 2015 thereby adding to the labour force).

According to NBS Q3 job creation report, about 475,180 new net jobs were created in Q3 2015. However, this was inadequate to match the over 1.9mn new entrants into the labour market in Q3 2015.

http://investorsking.com/nigeria-unemployment-rate-surges-to-9-9-percent/

OAM4J, Afam4eva
Re: Nigeria Unemployment Rate Surges To 9.9 Percent by absoluteSuccess: 5:04am On Nov 24, 2015
bring back sure-p and improve on it.

1 Like

Re: Nigeria Unemployment Rate Surges To 9.9 Percent by ephemm(m): 5:04am On Nov 24, 2015
saw something different on FP of NL yesterday

https://www.nairaland.com/2756549/over-400000-jobs-created-3rd

OK no argument - make Sango and amadioha join hand together to fire the person wey dey lie

No time for nonsense
Re: Nigeria Unemployment Rate Surges To 9.9 Percent by IlekeHD: 5:07am On Nov 24, 2015
ephemm:
saw something different on NL yesterday
OK no argument - make Sango and amadioha join hand together to fire the person wey dey lie
No time for nonsense

Sango would have to stoop down to join hand with amadioha.
Re: Nigeria Unemployment Rate Surges To 9.9 Percent by Nobody: 5:10am On Nov 24, 2015
Op, do you think this government cares?

Apc members would still tell you to give the administration more time...thats another 6 months to make it 2.8million. I like their brain sha

5 Likes

Re: Nigeria Unemployment Rate Surges To 9.9 Percent by Truth234(m): 5:16am On Nov 24, 2015
ephemm:
saw something different on FP of NL yesterday

https://www.nairaland.com/2756549/over-400000-jobs-created-3rd

OK no argument - make Sango and amadioha join hand together to fire the person wey dey lie

No time for nonsense

That was the New Job created in Q3, to be precise 475,180 jobs. Although there is no way I will believe our New Job creation rose 236.1 percent in Q3 as NBS reported.

Anyways gained 475,180 jobs lost 1.4 million

1 Like

Re: Nigeria Unemployment Rate Surges To 9.9 Percent by Nobody: 5:19am On Nov 24, 2015
Coming back to you by email
Re: Nigeria Unemployment Rate Surges To 9.9 Percent by tafabaloo(m): 5:21am On Nov 24, 2015
Kk now
Re: Nigeria Unemployment Rate Surges To 9.9 Percent by palladin: 5:44am On Nov 24, 2015
Read something different here on NL.


So who is telling lies.
Re: Nigeria Unemployment Rate Surges To 9.9 Percent by Henrypraise: 5:49am On Nov 24, 2015
Lies! Lies!! Lies!!!

D figure is far higher dan dat, dat figure is maybe only in delta, d rate of unemployment has neva bin dis terrible, but d media will project wat de want u to hear.

Abeg hu knw were my hoe de?

2 Likes

Re: Nigeria Unemployment Rate Surges To 9.9 Percent by Nelkoko: 5:51am On Nov 24, 2015
If thunder no fire Buhar! Make i know wetin cause am
Re: Nigeria Unemployment Rate Surges To 9.9 Percent by Truth234(m): 6:00am On Nov 24, 2015
palladin:
Read something different here on NL.



So who is telling lies.

That was the data for New Job creation, most media project it as increase in employment whereas unemployment is increasing more than the jobs been created.

3 Likes

Re: Nigeria Unemployment Rate Surges To 9.9 Percent by moyakz(m): 6:07am On Nov 24, 2015
atmosphere of change indeed!
Re: Nigeria Unemployment Rate Surges To 9.9 Percent by Emmalaw10(m): 6:18am On Nov 24, 2015
O nwebero ihe ifu
Re: Nigeria Unemployment Rate Surges To 9.9 Percent by Blackfire(m): 6:21am On Nov 24, 2015
*put hand on my head and shout*.


.

.
.
Opin aye.... Uwa mmebi.
Re: Nigeria Unemployment Rate Surges To 9.9 Percent by o42austino(m): 6:26am On Nov 24, 2015
SCAM change
Re: Nigeria Unemployment Rate Surges To 9.9 Percent by LastSurvivor: 6:29am On Nov 24, 2015
Na only God go help Nigerians punish buhari. .
Anyway, we will suffer from the bad choice we made..
Re: Nigeria Unemployment Rate Surges To 9.9 Percent by captainflash(m): 6:42am On Nov 24, 2015
LastSurvivor:
Na only God go help Nigerians punish buhari. .
Anyway, we will suffer from the bad choice we made..
[size=20pt]DON'T TAKE IT TOO PERSONAL[/size] when he wasnt in power, you didnt complained, now he's in power and u're now complaining, i smell hatred in ur post.....go home and sin no more..
Re: Nigeria Unemployment Rate Surges To 9.9 Percent by tos4u(m): 6:48am On Nov 24, 2015
As things dey go now, that next year go be THE SURVIVAL OF THE STRONGEST
Re: Nigeria Unemployment Rate Surges To 9.9 Percent by Acidosis(m): 6:57am On Nov 24, 2015
3 people that will inevitably suffer the wrath of God are;

1. Media shops that have vowed to hide the truth always
2. The suffering and smiling sai baba crew
3. The clueless leaders.
Re: Nigeria Unemployment Rate Surges To 9.9 Percent by Truth234(m): 7:17am On Nov 24, 2015
Acidosis:
3 people that will inevitably suffer the wrath of God are;


1. Media shops that have vowed to hide the truth always

2. The suffering and smiling sai baba crew

3. The clueless leaders.

Exactly, even though I am supporting this administration. Yet I find it hard to believe the percentage of New Job Creation 236.1% when we lost 1.4 million jobs during the same period and FPI slide by 69% as foreign investors are abandoning our equity
Re: Nigeria Unemployment Rate Surges To 9.9 Percent by straneur(m): 9:22am On Nov 24, 2015
We need real job creation and reduce unemployment rate to record reasonable economic growth.
Re: Nigeria Unemployment Rate Surges To 9.9 Percent by talktrue1(m): 9:46am On Nov 24, 2015
Why won't it surge when the retired ones are called back to occupy the positions they retired from
Re: Nigeria Unemployment Rate Surges To 9.9 Percent by Truth234(m): 9:53am On Nov 24, 2015
talktrue1:
Why won't it surge when the retired ones are called back to occupy the positions they retired from
grin

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