What is Nigeria unemployment rate?

Currently, 33.3% or 23.2 million of the about 70 million people who should be working in Nigeria are out of work. An acceptable level of unemployment would be 4%-6%. The country’s underemployment rate – people who work less than 20 hours a week – is also high at 22.8%.

What was the 2010 unemployment rate?

9.6 percent
The U.S. jobless rate was 9.6 percent in 2010, and the national employment-population ratio was 58.5 percent.

What was unemployment rate in 2011?

Unemployment rate in the United States from 1990 to 2020

Characteristic Unemployment rate
’12 8.1%
’11 8.9%
’10 9.6%
’09 9.3%

What was the unemployment rate between 2009 and 2010?

During the recession, the unemployment rates for prime-working-age (25 to 54 years old) and older (55 years and over) people more than doubled, peaking at 9.0 percent in October 2009 and 7.4 percent in August 2010, respectively.

Which sector is the largest employer in Nigeria?

agriculture sector
According to a World Bank survey, the agriculture sector is the largest employer of labor and income-generating activity in Nigeria.

What percentage of Nigeria is poor?

The Nigerian National Bureau of Statistics said in 2020 that 40% or 83 million Nigerians live in poverty.

Why was unemployment so high in 2009?

The collapse of the housing bubble in 2007 and 2008 caused a deep recession, which sent the unemployment rate to 10.0% in October 2009—more than double its pre-crisis rate.

Why was unemployment so high in 2010?

The state’s share of national jobs, which has been increasing since 2003, jumped in 2010 partly as a result of the state’s new tax credit. And trade volumes are increasing throughout California as both exports and imports are growing again as the nation’s trade with Asia is growing.

What was unemployment rate in 2009?

7. Components of the LFUR by States and territories: Trend
Unemployment rate (%) Underemployment rate (%)
May 2008 May 2009
New South Wales 4.6 7.9
Victoria 4.2 8.3

Which is the highest paid job in Nigeria?

The ten highest paying jobs in Nigeria are:

  • CEO/BUSINESS MOGUL. One of the most demanding jobs of our day is the job of the CEO or a business owner.
  • PILOT.

What is the most common job in Nigeria?

7 most popular jobs Nigerians do abroad

  1. Factory work. Nigerians, and by extension Africans can be found in most factories, doing the grunt work and heavy-lifting to earn their keep.
  2. Farming.
  3. Taxi drivers.
  4. Mortuary assistants.
  5. Registered Nurse.
  6. Information Communication Technology (ICT)
  7. Teaching.