Rural unemployment in Nigeria has surged to 4.3% in the first quarter of 2024.
This is according to the Nigeria Labour Force Survey (NLFS) report released by the National Bureau of Statistics (NBS).
Declining labour force participationThe report highlights significant shifts in Nigeria’s labour market, with rural Nigerians bearing the brunt of these changes as the overall labour force participation rate dropped to 77.
3%, down by 2.2%-points from 79.
5% in Q3 2023.
It read: “The labour force participation rate among the working-age population declined to 77.
3% in Q1 2024 from 79.5% in Q3 2023.
”In Q1 2024, rural participation stood at 82.5%, while to urban participation was 74.
0%.
Although this reduction could indicate some improvements in working conditions, the rural labour force still faces substantial underutilization.
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