Nigeria Unemployment rate

Variable: Unemployment rate

Note: Unemployment rate can be defined by either the national definition, the ILO harmonized definition, or the OECD harmonized definition. The OECD harmonized unemployment rate gives the number of unemployed persons as a percentage of the labor force (the total number of people employed plus unemployed). [OECD Main Economic Indicators, OECD, monthly] As defined by the International Labour Organization, unemployed workers are those who are currently not working but are willing and able to work for pay, currently available to work, and have actively searched for work. [ILO, http://www.ilo.org/public/english/bureau/stat/res/index.htm]

Units: Percent of total labor force

Country-specific Note: Source: National Statistics Office Latest actual data: 2018. Data for 2018 is as of Q3. Employment type: The new definition of unemployment uses a variant of the ILO definition. People who worked 20-40 hours are now reported as underemployed rather than unemployed. Primary domestic currency: Nigerian naira Data last updated: 03/2019

Source: International Monetary Fund, World Economic Outlook Database, April 2019