The unemployment rate among youth aged between the age of 15 to 24 years increased to 7.2 per cent in the second quarter of 2023, the National Bureau of Statistics has said.
The increase was 7.2 per cent having been at 6.9% in Q1 2023.
This was contained in a report titled, ‘Nigeria Labour Force Statistics Report Q2 2023 which was released on Thursday by the NBS.
The NBS also said that Nigeria’s unemployment rate increased to 4.2 per cent, from 4.1 per cent recorded in Q1, indicating an increase of 0.1 per cent.
The NBS said it enhanced its methodology of collecting labour market data through the Nigeria Labour Force Survey in line with International Labour Organisation guidelines and the unemployment rate is defined as the share of the labour force (the combination of unemployed and employed people) who are not employed but who are actively searching and are available for work.
