The Nigeria Bureau of Statistics (NBS) has revealed that a total of 475,180 jobs were created in the third quarter of 2015, while the number of unemployed Nigerians of working age dropped from 29,5 million to 28.3 million in the second quarter of the year, by the end of September.
The NBS made this disclosure in its latest quarterly survey on job creation.
According to NBS' Employment/Job Creation Survey for the third quarter of 2015, this is an increase of 236.1 per cent (333,812) when compared with the previous quarter and 36 per cent (125,837) compared to the third quarter of 2014.
The statistics office noted that the increase in the number of jobs in the third quarter was driven mainly by informal sector jobs, which accounted for 90.2 per cent, or 428,690, of total jobs created.
The increase in job creation from the informal sector was however prompted by increased activities in the agricultural sector which accounted for 70 per cent of the jobs created.
Historically, the third quarter of the year, which coincides with the planting season in Nigeria, records higher job numbers when compared to other quarters, as farmers employ more hands to assist on the farms.
Also accounting for the increase in informal jobs in the third quarter is the increase in the number of people previously not in labour force in the second quarter but now in the labour force and working informal jobs due to their inability to find white-collar jobs.
Formal sector jobs, on the other hand, accounted for 8.8 per cent, or 41,672, of the jobs created in the third quarter, while the public sector generated 4,818 jobs, representing 1.01 per cent of jobs in the quarter under review.
Meanwhile, the number of economically active population, or working age population, increased from 102.8 million in the first quarter to 103.5million in the second quarter and 104.3miion in the third quarter of 2015.
The NBS noted further that in the third quarter of 2015, the labour force population increased to 75.9 million from 74.Omillion in the second quarter of the year, representing an increase in the labour force by 2.6 per cent. This means that 1,929,800 economically active persons within the 15-64 age bracket entered the labour force.
Employment generation in the formal sector recorded an 18.4 per cent (9,398), which is a decline in the third quarter when compared to the second quarter of 2015 with the steady drop in employment generation since Q3 2014.
Meanwhile, it will be recalled that that employment generation which stood at 145,464 jobs in Q2 2014 dropped to 138,026 in Q4 2014,138,026 in Q4 2014, 130,941 in Q1 2015, 51,070 in Q2 2015 and now 41,672 in 2015.
It is this continuous drop in the availability of typically better paying formal jobs that has led to a sharp rise in typically less paying, often menial jobs as graduates especially and other entrants into the labour force look for some form of livelihood in informal activities.
Source: Leadership
The NBS made this disclosure in its latest quarterly survey on job creation.
According to NBS' Employment/Job Creation Survey for the third quarter of 2015, this is an increase of 236.1 per cent (333,812) when compared with the previous quarter and 36 per cent (125,837) compared to the third quarter of 2014.
The statistics office noted that the increase in the number of jobs in the third quarter was driven mainly by informal sector jobs, which accounted for 90.2 per cent, or 428,690, of total jobs created.
The increase in job creation from the informal sector was however prompted by increased activities in the agricultural sector which accounted for 70 per cent of the jobs created.
Historically, the third quarter of the year, which coincides with the planting season in Nigeria, records higher job numbers when compared to other quarters, as farmers employ more hands to assist on the farms.
Also accounting for the increase in informal jobs in the third quarter is the increase in the number of people previously not in labour force in the second quarter but now in the labour force and working informal jobs due to their inability to find white-collar jobs.
Formal sector jobs, on the other hand, accounted for 8.8 per cent, or 41,672, of the jobs created in the third quarter, while the public sector generated 4,818 jobs, representing 1.01 per cent of jobs in the quarter under review.
Meanwhile, the number of economically active population, or working age population, increased from 102.8 million in the first quarter to 103.5million in the second quarter and 104.3miion in the third quarter of 2015.
The NBS noted further that in the third quarter of 2015, the labour force population increased to 75.9 million from 74.Omillion in the second quarter of the year, representing an increase in the labour force by 2.6 per cent. This means that 1,929,800 economically active persons within the 15-64 age bracket entered the labour force.
Employment generation in the formal sector recorded an 18.4 per cent (9,398), which is a decline in the third quarter when compared to the second quarter of 2015 with the steady drop in employment generation since Q3 2014.
Meanwhile, it will be recalled that that employment generation which stood at 145,464 jobs in Q2 2014 dropped to 138,026 in Q4 2014,138,026 in Q4 2014, 130,941 in Q1 2015, 51,070 in Q2 2015 and now 41,672 in 2015.
It is this continuous drop in the availability of typically better paying formal jobs that has led to a sharp rise in typically less paying, often menial jobs as graduates especially and other entrants into the labour force look for some form of livelihood in informal activities.
Source: Leadership
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