Unemployment rate in Nigeria 2020, by state. The State of Benue, in the Middle Belt of Nigeria, registered by the end of 2020 the highest unemployment rate in Nigeria. In the fourth quarter of 2020, about 43.5 percent of the labor force in Benue was unemployed.
Which state has the lowest unemployment rate in Nigeria?
Unemployment and Underemployment by State
The States with the lowest rates were Osun, Benue and Zamfara States with 11.65%, 11.98% and 12.99% respectively. In the case of underemployment, Benue State recorded the highest rate with 43.52%, followed by Zamfara and Jigawa States with 41.73% and 41.29% respectively.
What is Nigeria’s unemployment rate 2020?
According to the National Bureau of Statistics’ (NBS) Labour Force Survey, Nigeria’s unemployment rate was 27% in Q2 2020 four percentage points higher than the 23% reported in Q3 2018. This is the first time in six quarters that the country’s unemployment data has been published.
What is the rate of unemployment in Nigeria 2019?
Nigeria Unemployment Rate 1991-2021
| Nigeria Unemployment Rate – Historical Data | ||
|---|---|---|
| Year | Unemployment Rate (%) | Annual Change |
| 2019 | 8.10% | -0.15% |
| 2018 | 8.24% | -0.15% |
| 2017 | 8.39% | 1.33% |
Which state has the highest unemployment rate 2019?
Alaska had the highest jobless rate, 6.5 percent.
Does Nigeria have a high unemployment rate?
Nigeria Unemployment Rate Rises to 33%, Second Highest on Global List.
How many persons are unemployed in Nigeria?
| Nigeria Labour | Last | Lowest |
|---|---|---|
| Unemployed Persons | 23187.00 | 4672.00 |
| Youth Unemployment Rate | 53.40 | 11.70 |
| Minimum Wages | 30000.00 | 18000.00 |
| Employed Persons | 58527.00 | 58527.00 |
What is the current unemployment rate 2020?
The unemployment rate decreased by 1.0 percentage point to 6.9 percent in October 2020. That was the sixth consecutive month the rate has declined, but it was still nearly twice the February rate of 3.5 percent.
What is the unemployment rate in Nigeria in 2021?
In 2021, the unemployment rate in Nigeria is estimated to reach 32.5 percent. This figure is projected to increase further in 2022.
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Forecasted unemployment rate in Nigeria in 2021 and 2022.
| Share of unemployed individuals | |
|---|---|
| – | – |
What is Canada’s unemployment rate 2020?
In 2020, 9.5 percent of the labor force in Canada was unemployed. This is a significant increase from the previous year, when unemployment stood at 5.7 percent.
What is the poverty rate in Nigeria 2020?
An individual is considered poor in Nigeria when has an availability of less than 137.4 thousand Nigerian Naira (roughly 361 U.S. dollars) per year. In total, 40.1 percent of population in Nigeria lived in poverty.
What is the current youth unemployment rate in Nigeria?
In 2020, the estimated youth unemployment rate in Nigeria was at almost 14.2 percent.
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Nigeria: Youth unemployment rate from 1999 to 2020.
| Characteristic | Youth unemployment rate |
|---|---|
| 2020 | 14.17% |
| 2019 | 13.96% |
| 2018 | 13.72% |
| 2017 | 13.96% |
Why is unemployment so high in Nigeria?
What’s driving unemployment in Nigeria? One factor is the critically poor state of the economy. The economy has not been in good shape for the past five years and first went into a recession in 2016. In 2020 in the wake of the COVID-19 pandemic it plunged into another recession – its worst in four decades.
Which state has the worst unemployment?
Unemployment rate by jurisdiction
| Rank | Rank (50 states) | State federal district or territory |
|---|---|---|
| 1 | 1 | Nevada |
| 2 | 2 | Michigan |
| 3 | 3 | Hawaii |
| 4 | 4 | Rhode Island |
What state has the worst unemployment system?
Bottom line: Florida offers the worst unemployment insurance out of every state, with a maximum of $275 per week for only 12 weeks — less than half the amount of time most other states allow.
What is the lowest unemployment rate in the US history?
Although the decrease in the number of unemployed people was relatively small by historical standards, the jobless rate fell to its lowest level since 1969, when it was 3.4 percent.