Current Unemployment Rate 2024 In Nigeria

Current Unemployment Rate 2024 In Nigeria. The country’s current unemployment rate is 5.3, resulting from a revised methodology applied by the national bureau of statistics (nbs). The report revealed that nigeria’s unemployment rate stood at 5.3% in the fourth quarter of 2022.

Unemployment refers to the share of the labor force that is without work but available for and seeking employment. The unemployment rate in urban areas was 5.9% in q2 2023, an increase from 5.4% in q1 2023.