Only 500,000 Jobs Created in First 6 Months of the Year – NBS

The National Bureau of Statistics (NBS) estimated yesterday that only about 500,224  jobs were generated within the first half (H1) of 2014, a record lower than the 652,075 jobs reported for the corresponding period of 2013 and 511,691 recorded in H2 2013.
The informal sector recorded the most jobs at 334,680, which represents 67 percent of the total. The formal sector recorded 154,773 jobs (31 percent), while the public sector recorded 10,771 jobs (0.02 percent). Between 1.2 million and 2.2 million Nigerians enter the labour force each year, representing an average of 1.6 million, Yemi Kale, Statistician-General of the federation said yesterday, while announcing the latest job numbers. Kale said about 240,871 jobs were generated in the economy in the first quarter (Q1) of 2014, a 10.3 percent decrease from 265,702 jobs in the previous quarter and 431,021 recorded in the corresponding period in 2013. 

Leave a Reply

Your email address will not be published. Required fields are marked *