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Nigeria's unemployment rate dropped to 4.3% in Q2 2024, marking a labor market improvement.
Nigeria's unemployment rate fell to 4.3% in Q2 2024, down from 5.3% in Q1, showing improvement in the labor market.
The youth unemployment rate dropped to 6.5%, and the employment-to-population ratio increased to 76.1%.
Urban areas saw a rate of 5.2%, while rural areas had a lower rate of 2.8%.
Females faced a higher unemployment rate at 5.1% compared to 3.4% for males.
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La tasa de desempleo de Nigeria cayó al 4,3% en el segundo trimestre de 2024, lo que representa una mejora del mercado laboral.