Nigeria unemployment rate
Nigeria unemployment rate: 5 (19.05%)
Last Update: June 30, 2021
Last Update: June 30, 2021
Nigeria unemployment rate closed down 5 as of June 30, 2021 from 4.2 from the previous month and 13.9 from last year.
Nigeria unemployment rate Analytics & Data
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Nigeria unemployment rate
| Date | Values |
|---|---|
| 2021-06-30 | 5 |
| 2021-03-31 | 4.2 |
| 2020-12-31 | 5.3 |
| 2020-06-30 | 27.1 |
| 2018-09-30 | 23.1 |
| 2018-06-30 | 22.7 |
| 2018-03-31 | 21.8 |
| 2017-12-31 | 20.4 |
| 2017-09-30 | 18.8 |
| 2017-06-30 | 16.2 |
| 2017-03-31 | 14.4 |
| 2016-12-31 | 14.2 |
| 2016-09-30 | 13.9 |
| 2016-06-30 | 13.3 |
| 2016-03-31 | 12.1 |
| 2015-12-31 | 10.4 |
| 2015-09-30 | 9.9 |
| 2015-06-30 | 8.2 |
| 2015-03-31 | 7.5 |
| 2014-12-31 | 6.4 |
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Nigeria unemployment rate Statistics
| Indicator | Symbol | Actual | Previous | M/M% | Y/Y% | Trend | Slope | Percentile | Update |
|---|---|---|---|---|---|---|---|---|---|
| unemployment rate | ng.unemploymentrate | 5 | 4.2 | 19 | -64 | Down | Down | 0 | 2021-06-30 |
Nigeria unemployment rate Factors
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What is the Nigeria unemployment rate
Welcome to our webpage showcasing the unemployment rate in Nigeria. Here, you will find comprehensive and up-to-date information on the current and historical trends of unemployment in Nigeria, along with insightful analytics, charts, and signals.But first, let's understand what the unemployment rate represents and how it should be interpreted. The unemployment rate is a key economic indicator that measures the percentage of the labor force that is jobless and actively seeking employment. It serves as a reflection of the health of an economy, as it indicates the level of available job opportunities and the efficiency of the labor market.
Interpreting the unemployment rate requires considering both the numerical value and the context surrounding it. For example, a high unemployment rate generally signifies economic distress, as a significant portion of the labor force is unable to find employment. Conversely, a low unemployment rate suggests a healthy economy with ample job opportunities.
It's important to remember that the unemployment rate is just one measure of the labor market's health and should be interpreted in conjunction with other economic indicators. Additionally, variations in the participation rate (the percentage of working-age individuals in the labor force) can influence the unemployment rate, so it's crucial to analyze these components together for a more accurate understanding.
On our webpage, you'll have access to various charts and analytics that visually represent the unemployment rate in Nigeria. These graphs will display the historical data, allowing you to identify long-term trends, seasonal patterns, and potential turning points. Utilizing these visuals can help you gather insights into the dynamics of Nigeria's labor market.
To further assist your analysis, we also offer a free download of historical data. This feature allows you to export the unemployment rate data, enabling you to conduct more in-depth analysis, perform modeling, or integrate it with your own systems. This flexibility empowers you to unlock the full potential of the unemployment rate dataset.
Moreover, our platform provides MacroVar signals, trends, and analysis, which are derived from a wide range of economic data and sophisticated algorithms. These signals can enhance your understanding of the unemployment rate by incorporating multiple factors that influence job creation and economic growth. By incorporating MacroVar signals into your analysis, you gain another layer of valuable insights and can navigate the labor market with greater precision.
We invite you to explore our webpage and leverage the powerful tools and data available to you. Stay informed about the unemployment rate in Nigeria, identify patterns, and make well-informed decisions using the latest analytics and trends.
Nigeria Financial Markets
| Market | Symbol | Last | Mom | Trend | Exh | RSI | 1D% | 1W% | 1M% | 1Y% |
|---|---|---|---|---|---|---|---|---|---|---|
| NSE All Share | ALLSHARE | 71230.5 | 1 | 1 | 1.60129 | 74.6549 | 0.0025 | 0.00165 | 0.06098 | 0.61846 |
| Nigeria ETF | NGE | 7.75 | -0.5 | -1 | -1.59522 | 38.6064 | 0.0144 | 0.02513 | -0.07468 | 0.053 |
| Nigerian Naira US Dollar (NGN/USD) | NGNUSD | 788.33 | 0 | 1 | 1.11221 | 50.9669 | 0.00169 | -0.00211 | 0.02176 | 0.78683 |
| Nigeria 10-year bond yield | NG.10Y | 15.433 | 1 | 1 | 2.13446 | 67.3937 | 0.00823 | 0.03251 | 0.04944 | 0.07525 |
| Nigeria 2-Year Bond Yield | NG.2Y | 15.147 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Nigeria Yield Curve | NG.YC | 0.784 | -1 | -1 | -3.5335 | 29.4427 | -0.73442 | -0.69706 | -0.59017 | -0.72179 |
| Indicator | Symbol | Actual | Previous | M/M% | Y/Y% | Trend | Slope | Percentile | Update |
|---|---|---|---|---|---|---|---|---|---|
| balance of trade | ng.balanceoftrade | 1741090 | -653831 | -366 | -2746 | UP | UP | 3 | 2023-07-31 |
| business confidence | ng.bizconfidence | -15.2 | -1.5 | 913 | -152 | Down | Down | 32 | 2020-12-01 |
| capacity utilization | ng.caputilization | 54.9 | 56.4 | -3 | 37 | UP | UP | 0 | 2023-06-30 |
| cash reserve ratio | ng.cashreserveratio | 45 | 45 | 0 | 38 | UP | UP | 99 | 2024-02-29 |
| composite pmi | ng.comppmi | 51.1 | 52.7 | -3 | 21 | Down | UP | 97 | 2024-03-31 |
| consumer confidence | ng.consconfidence | -14.8 | -21.2 | -30 | -1580 | Down | Down | 0 | 2020-12-31 |
| consumer price index cpi | ng.cpi | 701.9 | 681.4 | 3 | 33 | UP | UP | 100 | 2024-03-31 |
| core inflation rate | ng.coreinflationrate | 25.39 | 24.67 | 3 | 35 | UP | UP | 92 | 2024-02-29 |
| current account | ng.currentaccount | 3280 | 2870 | 14 | -200 | UP | UP | 23 | 2023-06-30 |
| current account to gdp | ng.currentaccountgdp | -0.3 | -0.5 | -40 | -110 | Down | Down | 0 | 2023-01-31 |
| deposit interest rate | ng.depositrate | 7.68 | 7.95 | -3 | 69 | UP | UP | 86 | 2023-06-30 |
| exports | ng.exports | 3026630 | 1878040 | 61 | 44 | UP | UP | 72 | 2023-02-28 |
| external debt | ng.externaldebt | 41594.5 | 43159.2 | -4 | 30 | UP | UP | 0 | 2023-09-30 |
| fiscal expenditure | ng.fiscalexp | 4040.18 | 4175.35 | -3 | 90 | UP | UP | 0 | 2023-09-30 |
| foreign exchange reserves | ng.fxreserves | 34260 | 33520 | 2 | -4 | UP | Down | 72 | 2024-03-31 |
| gdp | ng.gdp | 472.62 | 440.84 | 7 | 17 | UP | UP | 0 | 2023-01-31 |
| Real GDP | ng.realgdp | 21773300 | 19442300 | 12 | 11 | UP | UP | 53 | 2023-12-31 |
| gdp growth | ng.gdpgrowth | 12 | 9.7 | 24 | -1600 | UP | UP | 0 | 2023-12-31 |
| gdp growth annual | ng.gdpgrowthan | 3.46 | 2.54 | 36 | 3045 | UP | UP | 100 | 2023-12-31 |
| gold reserves | ng.goldres | 21.37 | 21.46 | 0 | 0 | Down | Down | 51 | 2021-06-30 |
| government budget | ng.govbudget | -6.1 | -5 | 22 | 336 | Down | Down | 0 | 2024-01-31 |
| Government budget | ng.govbudgetvalue | -2347.16 | -2665.26 | -12 | 88 | Down | Down | 0 | 2023-09-30 |
| government debt to gdp | ng.govdebtgdp | 38.8 | 38 | 2 | 123 | UP | UP | 0 | 2023-01-31 |
| government revenues | ng.govrev | 1693.02 | 1510.09 | 12 | 70 | UP | UP | 0 | 2023-09-30 |
| imports | ng.imports | 1285540 | 2531870 | -49 | -37 | Down | Down | 3 | 2023-02-28 |
| industrial production | ng.indproduction | -9.7 | 15.2 | -164 | 31 | Down | Down | 0 | 2023-06-30 |
| interest rate | ng.interestrate | 18.75 | 18.5 | 1 | 34 | UP | UP | 85 | 2023-07-25 |
| lending rate | ng.lendingrate | 13.85 | 14.07 | -2 | 14 | UP | UP | 91 | 2023-06-30 |
| manufacturing pmi | ng.manpmi | 42.8 | 49.4 | -13 | -16 | Down | Down | 18 | 2023-06-30 |
| money supply m0 | ng.msm0 | 3693570 | 3650500 | 1 | 276 | UP | UP | 100 | 2024-02-29 |
| money supply m1 | ng.msm1 | 30277200 | 31158900 | -3 | 44 | UP | UP | 90 | 2024-02-29 |
| money supply m2 | ng.msm2 | 93968500 | 92843000 | 1 | 78 | UP | UP | 98 | 2024-02-29 |
| services pmi | ng.servpmi | 51.1 | 52.7 | -3 | 3 | UP | UP | 60 | 2023-06-30 |
| unemployment rate | ng.unemploymentrate | 5 | 4.2 | 19 | -64 | Down | Down | 0 | 2021-06-30 |
| youth unemployment rate | ng.ytunemploymentrate | 8.6 | 7.2 | 19 | -66 | Down | Down | 0 | 2021-09-30 |