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Unemployment rate (2021) [1] This is a list of countries by unemployment rate.Methods of calculation and presentation of unemployment rate vary from country to country. Some countries count insured unemployed only, some count those in receipt of welfare benefit only, some count the disabled and other permanently unemployable people, some countries count those who choose (and are financially ...
Nigeria’s statistics agency on Thursday reported the country’s unemployment rate as 4.1%, the lowest in many years, but one analysts said was an undercount because of the agency's new methodology.
In 2015, Nigeria had a labour force of 74 million. In 2003, the unemployment rate was 10.8% overall; by 2015, unemployment stood at 6.4%. [146] Since 1999, the Nigerian Labor Congress (NLC) a union umbrella organization, has called six general strikes to protest domestic fuel price increases.
A different source using the harmonized definition of unemployment lists the unemployment rate of youth up to 24 years of age as 24.2% in Greece during 2009. [55] To put this into perspective, the EU-27 average at the time was 18.3%. [55] Youth unemployment rose to 40.1% in May 2011 and then again to about 55% in November 2012. [56]
The ILO said 64.9 million people aged between 15 and 24 worldwide were unemployed last year, good for a rate of 13%, and it forecast that proportion would decrease further over the following two ...
N-Power was created on 8 June 2016 to address the issues of youth unemployment and help increase social development. The scheme is created for unemployed graduates and non-graduates between the ages of 18 and 35. [1] [2] [3] It is a paid programme of a two-year duration, aimed at engaging beneficiaries in their states of residence. [4]
According to a 2018 report by the World Bank, almost half the population is living below the international poverty line ($2 per day), and unemployment peaked at 23.1%. [9] Nigeria had one of the world's highest economic growth rates, averaging 7.4% according to the Nigeria economic report that was released in July 2019 by the World Bank. [1]
In Japan and South Korea, youth unemployment rates were at historic lows. The U.S. Bureau of Labor Statistics reported that youth unemployment in July was 9.8%, up from 8.7% the same period last year.