What is the current rate of unemployment in Nigeria?

In 2020, the unemployment rate in Nigeria was at approximately 7.96 percent.

In the fourth quarter of 2008, the unemployment rate rose to 6.9 percent and the unemployment level reached 10.6 million, an increase of 2.1 percentage points and 3.3 million persons, respec- tively, over the fourth quarter of 2007. The current recession has hit the labor market particularly hard.

6.9 percentIn the fourth quarter of 2008, the unemployment rate rose to 6.9 percent and the unemployment level reached 10.6 million, an increase of 2.1 percentage points and 3.3 million persons, respec- tively, over the fourth quarter of 2007. The current recession has hit the labor market particularly hard.

Fidelity BankFidelity Bank currently offers the highest interest rates for savings deposit accounts (target) in Nigeria in 2021 – 2.9%.

Nigeria - Interest Rate Data20152019Policy Interest Rate (%)11.0013.50

6.3 percentThe real unemployment rate in the U.S. is closer to 10 percent, Federal Reserve Chairman Jerome Powell said Wednesday, after misclassification errors are factored in to the official government figure. The current unemployment rate, as reported by the Bureau of Labor Statistics last week, is 6.3 percent.

Mexico unemployment rate for 2019 was 3.43%, a 0.14% increase from 2018. Mexico unemployment rate for 2018 was 3.28%, a 0.14% decline from 2017. Mexico unemployment rate for 2017 was 3.42%, a 0.44% decline from 2016. Mexico unemployment rate for 2016 was 3.86%, a 0.45% decline from 2015.

SokotoIn 2019, the Nigerian states of Sokoto and Taraba had the largest percentage of people living below the poverty line....Poverty headcount rate in Nigeria as of 2019, by state.CharacteristicShare of people in povertySokoto87.73%Taraba87.72%Jigawa87.02%Ebonyi79.76%9 more rows•Sep 4, 2020

Nigeria unemployment rate for 2018 was 8.24%, a 0.15% decline from 2017....Nigeria Unemployment Rate 1991-2021.Nigeria Unemployment Rate - Historical DataYearUnemployment Rate (%)Annual Change20198.10%-0.15%20188.24%-0.15%20178.39%1.33%26 more rows

7.96%Nigeria: Unemployment rate from 1999 to 2020Unemployment rate20207.96%20198.1%20188.24%20178.39%9 more rows•Mar 31, 2021

32.5 percentIn 2021, the unemployment rate in Nigeria is estimated to reach 32.5 percent. This figure is projected to increase further in 2022....Forecasted unemployment rate in Nigeria in 2021 and 2022.Share of unemployed individuals--1 more row•Mar 19, 2021

State of BenueUnemployment 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.

Official statistics suggest that divorce is exceedingly uncommon in Nigeria. Just 0.2% of men and 0.3% of women have legally untied the knot, according to the National Bureau of Statistics. And well under 1% of couples admit to being separated.

THE EMPLOYMENT SITUATION — AUGUST 2020 Total nonfarm payroll employment rose by 1.4 million in August, and the unemployment rate fell to 8.4 percent, the U.S. Bureau of Labor Statistics reported today.

The latest data from the Central Bank of Nigeria reveals Nigeria's 364-day treasury bills have fallen to 5.3%. 182-day bills went for stop rates of 3.78% and 91-day rates 2.49% per annum respectively.

Nigerian Treasury Bills real interest rate falls to -12% The latest data from the Central Bank of Nigeria revealed that the Nigeria's 364-day treasury bills have fallen to 4.6%. While the 90-day treasury bills current stop rate sold for 2.3%, the 182- day treasury bills sold for 3.4%.

Nigeria had a murder rate of 9.85 per 100,000 population in 2015.

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.

4.9%;Download this chart For people aged 16 years and over, for December 2020 to February 2021: the estimated UK unemployment rate for all people was 4.9%; this is 0.9 percentage points higher than a year earlier but 0.1 percentage points lower than the previous quarter.

The seasonally-adjusted national unemployment rate is measured on a monthly basis in the United States.

In April 2021, the national unemployment rate was at 6.1 percent....Monthly unemployment rate in the United States from April 2020 to April 2021 (seasonally-adjusted)CharacteristicUnemployment rateApr '2014.8%12 more rows•May 10, 2021.

6.1 percentTHE EMPLOYMENT SITUATION — APRIL 2021 Total nonfarm payroll employment rose by 266,000 in April, and the unemployment rate was little changed at 6.1 percent, the U.S. Bureau of Labor Statistics reported today.

4.5 percentU.S. unemployment rate: 4.5 percent, March 2020.

In April 2021, the national unemployment rate was at 6.1 percent....Monthly unemployment rate in the United States from April 2020 to April 2021 (seasonally-adjusted)CharacteristicUnemployment rateApr '216.1%Mar '216%Feb '216.2%10 more rows•May 10, 2021

THE EMPLOYMENT SITUATION — OCTOBER 2020 Total nonfarm payroll employment rose by 638,000 in October, and the unemployment rate declined to 6.9 percent, the U.S. Bureau of Labor Statistics reported today.

Nigeria literacy rate for 2018 was 62.02%, a 10.94% increase from 2008. Nigeria literacy rate for 2008 was 51.08%, a 3.7% decline from 2003. Nigeria literacy rate for 2003 was 54.77%, a 0.67% decline from 1991.

The real unemployment rate in the U.S.

is closer to 10 percent, Federal Reserve Chairman Jerome Powell said Wednesday, after misclassification errors are factored in to the official government figure.

The current unemployment rate, as reported by the Bureau of Labor Statistics last week, is 6.3 percent..

The real unemployment rate in the U.S. is closer to 10 percent, Federal Reserve Chairman Jerome Powell said Wednesday, after misclassification errors are factored in to the official government figure. The current unemployment rate, as reported by the Bureau of Labor Statistics last week, is 6.3 percent.

U5 includes discouraged workers and all other marginally attached workers. U6 adds on those workers who are part-time purely for economic reasons. The current U6 unemployment rate as of April 2021 is 10.40.

In January, the overall unemployment rate edged up to 3.6 percent. The 55+ unemployment rate also increased slightly from 2.4 percent to 2.6 percent and was 2.6 percent for men ages 55+ and 2.4 percent for women ages 55+. Source: U.S. Department of Labor, Bureau of Labor Statistics. Current Population Survey data.

The unemployment rate is an important indicator the Federal Reserve uses to determine the health of the economy when setting monetary policy. Investors also use current unemployment statistics to look at which sectors are losing jobs faster. They can then determine which sector-specific mutual funds to sell.

THE EMPLOYMENT SITUATION — OCTOBER 2020 Total nonfarm payroll employment rose by 638,000 in October, and the unemployment rate declined to 6.9 percent, the U.S. Bureau of Labor Statistics reported today.

Why might inflation accelerate as the unemployment rate declines? A decline in the unemployment rate implies that the economy moving closer to its full employment level. ... The closer the economy moves towards full employment the harder it gets to employ new inputs at current prices.

32.5 percentIn 2021, the unemployment rate in Nigeria is estimated to reach 32.5 percent....Forecasted unemployment rate in Nigeria in 2021 and 2022.CharacteristicShare of unemployed individuals--1 more row•Mar 19, 2021

The significant changes in the number of persons in these two categories resulted in a significant decrease of 6,8 percentage points in the official unemployment rate from 30,1% in quarter 1:2020 to 23,3% in quarter 2:2020. This is lowest rate recorded since quarter 3:2009.

9.5 percentIn 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.

The unemployment rate in Arizona peaked in April 2020 at 13.4% and is now 7.5 percentage points lower. You can also see Arizona unemployment compared to other states....Arizona Unemployment History.DateApril 2020National Unemployment Rate14.7%Arizona Unemployment Rate13.4%Arizona Unemployed473,76611 more columns

THE EMPLOYMENT SITUATION — DECEMBER 2020 Total nonfarm payroll employment declined by 140,000 in December, and the unemployment rate was unchanged at 6.7 percent, the U.S. Bureau of Labor Statistics reported today.

France unemployment rate for 2019 was 8.43%, a 0.63% decline from 2018. France unemployment rate for 2018 was 9.06%, a 0.34% decline from 2017.

Unemployment refers to the share of the labor force that is without work but available for and seeking employment. Jamaica unemployment rate for 2019 was 8.00%, a 1.1% decline from 2018. Jamaica unemployment rate for 2018 was 9.10%, a 2.53% decline from 2017.

The true percentage of people who don't have jobs or aren't making enough money is often worse than the official unemployment rate suggests because the Current Population Survey (CPS) doesn't collect certain information from those surveyed.

In December 2020, the euro area seasonally-adjusted unemployment rate was 8.3 %, stable compared with November 2020 and up from 7.4 % in December 2019. The EU unemployment rate was 7.5 % in December 2020, also stable compared with November 2020 and up from 6.5 % in December 2019.

The low entry rate reflects a long-run downward trend likely due to population aging, better job matches, and other structural factors. ... We find that current unemployment is so low not because of the high job-finding rate but because of low entry rates into unemployment, from both employment and OLF.

The natural rate of unemployment is the unemployment rate that would exist in a growing and healthy economy. In other words, the natural rate of unemployment includes only frictional and structural unemployment, and not cyclical unemployment.

6.51%India's unemployment rate (UER) for the month of November 2020 stood at 6.51%, the lowest since September 2018 when it was 6.47%, according to the Centre for Monitoring Indian Economy (CMIE) data.

4.5 percentU.S.

unemployment rate: 4.5 percent, March 2020..

Unemployment Rate 31 Jan 2021*India6.4%Urban8.1%Rural5.7%*30 day moving average

India's unemployment rate (UER) for the month of November 2020 stood at 6.51%, the lowest since September 2018 when it was 6.47%, according to the Centre for Monitoring Indian Economy (CMIE) data. While the urban unemployment rate stood at 7.07%, rural UER was 6.26%.

The natural rate of unemployment is the unemployment rate that would exist in a growing and healthy economy.

In other words, the natural rate of unemployment includes only frictional and structural unemployment, and not cyclical unemployment..

The national unemployment rate declined by 0.3 percentage point over the year, to 3.5 percent in the fourth quarter of 2019. 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.

What is likely to occur in the economy if the unemployment rate drops below the natural rate of​ unemployment? Higher inflation.