Its sad that a total number of 4.07 million Nigerians became unemployed between the month of January and September 2017, according to the analysis of the unemployment report for the third quarter released by the National Bureau of Statistics has revealed.
The bureau in the report, states the number of Nigerians that became unemployed from 11.92 million in the first quarter of this year to 13.58 million and 15.99 million in the second and third quarters respectively.
It said between the second quarter and third quarter, the number of economically active or working age population ranging from (15 – 64 years of age) increased from 110.3 million to 111.1 million.
The NBS report said the increasing unemployment and underemployment rates imply that although Nigeria’s economy is officially out of recession, domestic labor market is still fragile and economic growths in the past two quarters in 2017 have not been strong enough to provide employment in Nigeria’s domestic labor market.
