Imo State has the highest unemployment rate – 48.7 per cent while Rivers State (43.7 per cent) occupies the third position in the country.

However, Anambra State has the lowest unemployment rate in the nation – 17 per cent.

So far, Nigeria’s unemployment rate has risen to 27 per cent in the second quarter of 2020, against 23.1 per cent reported in the third quarter of 2018, the Bureau stated this in its ‘Labor Force Statistics: Unemployment and Underemployment Report’ released on Friday.

“For the period under review, Q2 2020, the unemployment rate among young people (15-34 years) was 34.9 per cent, up from 29.7 per cent, while the rate of underemployment for the same age group rose to 28.2 per cent from 25.7 per cent in Q3 2018. These rates were the highest when compared to other age groupings,” the NBS report said.

According to the NBS, the number of persons in the economically active age (15 – 64 years), jumped from 115,492,969 in Q3 2018 to 116,871,186 in Q2 2020.

“The number of persons in the labour force (i.e. people within ages 15 -64, who are able and willing to work) was estimated to be 80,291,894,” it said.

This was 11.3 per cent less than the number of persons in Q3 2018.

“Of this number, those within the age bracket of 25-34 were highest, with 23,328,460 or 29.1 per cent of the labour force,” it added.

A further peep into the latest NBS unemployment data indicated that the number of employed people in Q2 2020 slumped by 15.8 per cent to 58,527,276 when placed side by side with that of Q3 2018.

“Of this number, 35,585,274 were full-time employed (i.e. worked 40+ hours per week), while 22,942,003 were underemployed (i.e. working between 20-29 hours per week),” the report revealed.

“For underemployment, the state which recorded the highest rate was Zamfara with 43.7 per cent, while Anambra State recorded the lowest underemployment rate, with 17 per cent in Q2 2020,” the agency said.

“Due to the COVID-19 pandemic, 2,736,076 did not do any work in the last seven days preceding the survey due to the lockdown but had secure jobs to return to after the lockdown,” the NBS said.

(C) Straight news