Current Unemployment Rate 2024 In Nigeria. The youth unemployment rate was 6.5 per cent in q2 2024, showing a decrease from 8.4 per cent in q1 2024. The nigeria labour force survey q2 2024, published on monday, revealed that the unemployment rate stood at 5.2 percent in urban areas and 2.8 percent in rural regions.
This growth rate is higher than the 2.31% recorded in the first quarter of 2023. Employment rate in nigeria increased to 73.20 percent in the first quarter of 2024 from 72.20 percent in the fourth quarter of 2023.