{"id":220409,"date":"2024-09-25T00:35:22","date_gmt":"2024-09-25T00:35:22","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/09\/25\/nigerias-unemployment-rate-increased-to-5-3-in-q1-2024-nbs\/"},"modified":"2024-09-25T00:35:22","modified_gmt":"2024-09-25T00:35:22","slug":"nigerias-unemployment-rate-increased-to-5-3-in-q1-2024-nbs","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/09\/25\/nigerias-unemployment-rate-increased-to-5-3-in-q1-2024-nbs\/","title":{"rendered":"Nigeria\u2019s Unemployment Rate Increased To 5.3% In Q1 2024 \u2013 NBS"},"content":{"rendered":"<p><\/p>\n<div>\n<p>As Nigerians continue to lament over economic hardship, the National Bureau of Statistics, said that the country\u2019s unemployment rate has jumped to 5.3 percent in the first quarter (Q1) of 2024.<\/p>\n<p>It was gathered that NBA, in a report released to the public on Tuesday, disclosed that the joblessness rate increased compared to the 5 percent recorded in Q3 2023.<\/p>\n<p>A breakdown by gender also revealed that unemployment among men stood at 4.3%, while for women, it was notably higher at 6.2%.<\/p>\n<p><span class=\"td-adspot-title\">Advertisement<\/span><\/p>\n<p>In terms of location, urban unemployment reached 6.0%, while rural areas experienced a lower rate of 4.3% during the same period.<\/p>\n<p>The report reads: \u201cThe unemployment rate for Q1 2024 was 5.3%, showing an increase from 5.0% recorded in Q3 2023. The unemployment rate among males was 4.3% and 6.2% among females.<\/p>\n<p>\u201cBy place of residence, the unemployment rate was 6.0% in urban areas and 4.3% in rural areas for Q1 2024.<\/p>\n<p><strong>READ MORE:\u00a0Hardship: Inflation Dropped To 32.15% In August 2024 \u2013 NBS<\/strong><\/p>\n<p>\u201cIn Q1 2024, 73.2% of Nigeria\u2019s working-age population was employed, down from 75.6% in Q3 2023,\u201d NBS said.<\/p>\n<p>\u201cDisaggregating by sex, the employment-to-population ratio was 74.2% for males and 72.3% for females in Q1 2024.<\/p>\n<p>\u201cAdditionally, the employment-to-population ratio in urban areas was 69.5% and 78.9% in rural areas in Q1 2024.<\/p>\n<p>\u201cThis is a decrease in the ratio compared to the 71.1% and 80.7% in Q3 2023, respectively.\u201d<\/p>\n<p>INFORMATION NIGERIA reports that many local and foreign companies have closed down, while some reduced the numbers of their workers, due to President Bola Tinubu\u2019s economic policies.<\/p>\n<div class=\"code-block code-block-7\" style=\"margin: 8px auto; text-align: center; display: block; clear: both;\">\n<div data-advadstrackid=\"941128\" data-advadstrackbid=\"1\" class=\"infor-target\" id=\"infor-1831848747\"><img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2024\/08\/FirstBank-Giant-Strides300x250.jpg\" alt=\"\" width=\"300\" height=\"250\"\/><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>As Nigerians continue to lament over economic hardship, the National Bureau of Statistics, said that the country\u2019s unemployment rate has jumped to 5.3 percent in the first quarter (Q1) of 2024. It was gathered that NBA, in a report released to the public on Tuesday, disclosed that the joblessness rate increased compared to the 5 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":220410,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":["post-220409","post","type-post","status-publish","format-standard","has-post-thumbnail","category-nigeria-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Nigeria\u2019s Unemployment Rate Increased To 5.3% In Q1 2024 \u2013 NBS - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/09\/25\/nigerias-unemployment-rate-increased-to-5-3-in-q1-2024-nbs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nigeria\u2019s Unemployment Rate Increased To 5.3% In Q1 2024 \u2013 NBS - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"As Nigerians continue to lament over economic hardship, the National Bureau of Statistics, said that the country\u2019s unemployment rate has jumped to 5.3 percent in the first quarter (Q1) of 2024. 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