What is the unemployment rate for young adults 2021?

The unemployment rate for teenagers (ages 16 to 19) was 9.6 percent in July 2021, following rates of 9.9 percent in June and 9.6 percent in May. The last time the unemployment rate for teenagers was lower than 9.6 percent was in November 1953, when it was 8.6 percent. Created with Highcharts 8.2.

What is the unemployment rate for young workers?

The overall unemployment rate for young workers ages 16–24 jumped from 8.4% to 24.4% from spring 2019 to spring 2020, while unemployment for their counterparts ages 25 and older rose from 2.8% to 11.3%.

How many young people are unemployed in Nigeria?

13.9 million Nigerian youth are unemployed – NBS. About 13.9 million Nigerian youth are unemployed as of Q2 2020. Data from the National Bureau of Statistics reveals Nigeria’s unemployment rate as at the second quarter of 2020 is 27.1% indicating that about 21,764,614 (21.7 million) Nigerians remain unemployed.

What are the current youth employment programs in Nigeria?

Three of the current and most prominent programs include the Subsidy Reinvestment and Empowerment Programme (SURE-P), the Youth Enterprise With Innovation in Nigeria (YOU-WIN) and the Osun State Youth Employment Scheme (O’YES), among others.

How big is the youth population in Nigeria?

Nigeria’s population is said to have reached about 167 million people in 2012 (National Bureau of Statistics). The National Population Commission (NPoC, 2013) states about half of the population is made up of youth, defined as individuals between 15 and 34 years of age. Unfortunately, as the youth population grows, so does the unemployment rate.

Why was there so much youth unemployment in 2011?

In fact, some experts suggest that the major jump in rural youth unemployment in 2011 (see Table 1) could be due to the mass failure in national examinations conducted among final-year secondary school students in 2010, which made many of them unemployable in 2011.