Nigeria’s unemployment rate has decreased to 4.3 percent in the second quarter of 2024, according to a report by the National Bureau of Statistics (NBS).
The new rate represents a significant drop from the 5.3 percent recorded in the first quarter of 2024.
The NBS report, released on Monday, defines the unemployment rate as the share of the labour force, comprising both employed and unemployed individuals, who are actively searching for work and are available to start immediately.
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