{"id":94900,"date":"2023-08-24T20:25:28","date_gmt":"2023-08-24T19:25:28","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/nigerias-unemployment-rate-drops-to-4-1-in-q1-2023-nbs"},"modified":"2023-08-24T21:32:55","modified_gmt":"2023-08-24T20:32:55","slug":"nigerias-unemployment-rate-drops-to-4-1-in-q1-2023-nbs","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-unemployment-rate-drops-to-4-1-in-q1-2023-nbs","title":{"rendered":"Nigeria\u2019s unemployment rate drops to 4.1% in Q1 2023 \u2013 NBS"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>The National Bureau of Statistics (NBS) has announced Nigeria\u2019s unemployment rate dropped to 4.1 percent in the first quarter (Q1) of 2023, from 5.3 percent recorded in the previous quarter.<\/p>\n

Recall that the bureau had pegged the country\u2019s unemployment rate at 33.3 percent in the fourth quarter (Q4) of 2020,<\/p>\n

In a statement released on Thursday, NBS said the latest unemployment report adopted a new methodology and presented an in-depth analysis of the labour market.<\/p>\n

According to NBS the last survey was conducted using the 13th ICLS, which was birthed and adopted in 1982 at the International Conference of Labour Statisticians.<\/p>\n

Speaking during the launch of the new methodology in Abuja on Thursday, the Chief Executive Officer of NBS, Semiu Adeniran said the new figure brings Nigeria\u2019s Labour Survey in tandem with international standard.<\/p>\n

The survey, according to him, was conducted in collaboration with the World Bank and the International Labour Organisation and has also been adopted by 26 countries in Africa.<\/p>\n

He added that the figure for the fourth quarter of 2022 was 5.3 percent.<\/p>\n

Adeniran said the new methodology considered employed persons as those who engaged in at least one hour of work during the last seven days the survey was conducted, stressing that the new figure was not to give the new government a good face but to bring up the method used to conduct labour surveys in the country.<\/p>\n

For More News And Analysis About Nigeria<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. The National Bureau of Statistics (NBS) has announced Nigeria\u2019s unemployment rate dropped to 4.1 percent in the first quarter (Q1) of 2023, from 5.3 percent recorded in the previous quarter. Recall that the bureau had pegged the country\u2019s unemployment rate at 33.3 percent in the fourth quarter (Q4) of 2020, In a […]<\/p>\n","protected":false},"author":84,"featured_media":94898,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[1570,2140,676,254,11200],"class_list":["post-94900","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-nigeria-2","tag-nbs","tag-nigeria","tag-nigerias-unemployment"],"yoast_head":"\nNigeria\u2019s unemployment rate drops to 4.1% in Q1 2023 \u2013 NBS - Nigeria<\/title>\n<meta name=\"description\" content=\"The National Bureau of Statistics (NBS) has announced Nigeria\u2019s unemployment rate dropped to 4.1 percent in the first qu ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-unemployment-rate-drops-to-4-1-in-q1-2023-nbs\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nigeria\u2019s unemployment rate drops to 4.1% in Q1 2023 \u2013 NBS\" \/>\n<meta property=\"og:description\" content=\"The National Bureau of Statistics (NBS) has announced Nigeria\u2019s unemployment rate dropped to 4.1 percent in the first qu ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-unemployment-rate-drops-to-4-1-in-q1-2023-nbs\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-24T19:25:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-24T20:32:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/08\/sm_1692892790.211155.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-unemployment-rate-drops-to-4-1-in-q1-2023-nbs#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-unemployment-rate-drops-to-4-1-in-q1-2023-nbs\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Nigeria\u2019s unemployment rate drops to 4.1% in Q1 2023 \u2013 NBS\",\"datePublished\":\"2023-08-24T19:25:28+00:00\",\"dateModified\":\"2023-08-24T20:32:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-unemployment-rate-drops-to-4-1-in-q1-2023-nbs\"},\"wordCount\":248,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-unemployment-rate-drops-to-4-1-in-q1-2023-nbs#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/08\/sm_1692892790.211155.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"NBS\",\"Nigeria\",\"Nigeria's unemployment\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-unemployment-rate-drops-to-4-1-in-q1-2023-nbs#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-unemployment-rate-drops-to-4-1-in-q1-2023-nbs\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-unemployment-rate-drops-to-4-1-in-q1-2023-nbs\",\"name\":\"Nigeria\u2019s unemployment rate drops to 4.1% in Q1 2023 \u2013 NBS - 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