25, November 2024.
The National Bureau of Statistics (NBS) has reported a decline in Nigeria’s unemployment rate to 4.3% in the second quarter (Q2) of 2024.
In its report released on Monday, the NBS noted that the unemployment rate decreased from 5.3% recorded in the first quarter (Q1) of 2024, reflecting an improvement in the labor market.
The bureau defines the unemployment rate as the proportion of the labor force—comprising individuals who are either employed or actively seeking employment—that is unemployed but actively searching and available for work.(www.naija247news.com)
Favor Akpan, News Writer ✔
Favor Akpan is a dedicated News Writer at Naija247news.com, known for delivering accurate and timely coverage of Nigerian and African current affairs. With a keen eye for detail and a passion for storytelling, Favor specializes in politics, social issues, and economic developments, ensuring readers stay informed on the latest events shaping the region. Committed to journalistic integrity, Favor consistently produces well-researched articles that engage and enlighten the Naija247news audience.
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