After a three year delay, the National Bureau of Statistics (NBS) announced Thursday last week that the country’s unemployment rate dropped to 4.1 per cent in the first quarter (Q1) of 2023, from 5.3 per cent recorded in the previous quarter. The statistics bureau had in Q4 2020 pegged the unemployment rate at 33.3 per cent.
The NBS noted that the last survey was conducted using the 13th ICLS, which was birthed and adopted in 1982 at the International Conference of Labour Statisticians.