According to the bureau, time-related underemployment in Q1 2024 was 10.6 per cent, showing a decrease of 1.7 per cent from the rate of 12.3 per cent recorded in Q3 2023.
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It said the employment-to-population ratio was 73.2 per cent in Q1 2024. This, according to the report, is a decrease of 2.4 percentage points compared to a ratio of 75.6 in Q3 2023. “The unemployment rate among youth aged was 8.4 per cent in Q1 2024, a decrease of 0.2 per cent compared to Q3 2023 . The unemployment rate in urban areas was 6.0 per cent in Q1 2024, the same in Q3 2023,” the NBS said.“The Percentage of youth not in education, employment or training was 14.4 per cent. Indicating a 0.7 percentage point increase from Q3 2023,” it said.
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