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NATIONAL BUREAU OF STATISTICS

Nigeria Labour Force Survey Q2 2023

Key Highlights

  • The labour force participation rate among the working-age population remained high at 80.4% in Q2 2023.
  • The employment-to-population ratio was 77.1% in Q2 2023.
  • The combined rate of unemployment and time-related underemployment as a share of the labour force population (LU2) was 15.5% in Q2 2023.
  • Most workers (around 88.0%) were in self-employment in Q2 2023.
  • The proportion of workers in Wage Employment in Q2 2023 was 12%.
  • The unemployment rate in Q2 2023 was 4.2%, this is an increase of 0.1% from the figure recorded in Q1 2023 (4.1%).
  • The rate of unemployment among persons with post-secondary education was 8% in Q2 2023.
  • The Unemployment rate among youth aged (15-24 years) in Q2 2023 was 7.2% having been at 6.9% in Q1 2023.
  • The Unemployment rate in urban areas was 5.9% in Q2 2023, an increase from 5.4% in Q1 2023.
  • Time-related underemployment in Q2 2023 was 11.8%.
  • 8% of the working-age population were in subsistence agriculture.
  • Informal employment rate in Q2 2023 was 92.7%.
  • Percentage of youth Not in Employment, Education nor Training (NEET Rate) was 13.8%.

Data source: National Bureau of Statistics

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