NBS revises methodology for unemployment report

The National Bureau of Statistics (NBS) on Tuesday announced it has revised the methodology for the Labour Force Survey which produces the Unemployment Report in the country.

The statistics office disclosed this on Tuesday via its verified Twitter handle.

The NBS had in March 2021 reported that Nigeria’s unemployment rate rose to 33.3 per cent, translating to some 23.2 million people, the highest in at least 13 years and the second-highest rate in the world.