The National Bureau of Statistics (NBS) of Nigeria underwent a revision of its unemployment rate calculation methodology in 2023. The new approach aligns with the International...
The unemployment rate is the percentage of people in the labour force who are unemployed. Consequently, measuring the unemployment rate requires identifying who is in the...
A percentage rate of 40.6% means that out of a total of 100, 40.6 of them represent the quantity being referred to. For example, if we...