REVEALED: 5.5m Nigerians Have Become Unemployed In Since 2015

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“This means about 482,689 persons from the economically active population entered the labour force during the quarter. “During the reference period, the number of unemployed in the labour force, increased by 351,015persons, resulting in an increase in the national unemployment rate to 14.2% in Q4 2016, slightly up from 13.9% in Q3,13.3% in Q2, 12.1% in Q1 2016,and 10.4% in Q4 2015″. The Buhari administration promised to create millions of job in 2016, but NBS figures show that the jobs created could not match the fresh entrants of the labour market. It is worthy of note that 27.44 million persons within the economically active or working age population decided not to work for one reason or the other in Q4 2016. There were a total of 28.58 million persons in the Nigerian labour force in Q4 2016, that were either unemployed or underemployed compared to compared to 27.12million in Q3, 26.06million in Q2 and24.5 million in Q1 2016. TheCable ]]>