, 9 tweets, 5 min read Read on Twitter
it is not exactly the same methodology, sir. Although the reporter uses the same terminology as we use. There is a major difference in how we both calculate the unemployment rate as previously acknowledged by you.

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The main difference in the methodology is in how many hours are used to determine if a person is unemployed or employed. You have previously acknowledged this to many people including @BBoason @yinkanubi (see attached) etc
In Nigeria, less than 20hrs/week is considered unemployed. In the USA, it is less than one hour/week. the results are not measuring the same thing. To say that we use the same methodology might make people erroneously think that the parameters are the same
This article shed more light into the US calculation methodology and criteria.

qz.com/877432/the-us-…
As @sgyemikale pointed out recently if we use the one hour benchmark to do the calculation, the unemployment rate in Nigeria will be 10.8% instead of the current 23%. It is still high but better when comparing between countries for business decision purposes.
Why is it important to make this distinction? If most people believe that the methodology is exactly the same, they will erroneously compare the two countries unemployment rate without making any adjustment. The result will be misleading.
Will it help for the NBS to release the two unemployment rate and categorize them accordingly. With the one hour rate labelled for international comparison or ILO? Does this have any downside? @sgyemikale @BBoason @yinkanubi See Ghana Nigeria Comparison using NBS. Ghana uses 1hr
There is no doubt that the rate is increasing in Nigeria. However, comparing the two countries as done in the graph above will be wrong because they are not measuring the same UR. Yet, this is what is used to do the international comparison. It Seems ILO standard is needed.
Perhaps, after the election, this should be considered. It puts Nigeria at a disadvantage when doing market entry analysis etc for small businesses without having the full detail of what the Nigeria number entails.
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