The National Bureau of Statistics, NBS, on Monday, released the latest job creation figure which showed that the nation’s economy created 500,224 jobs across the country within the first six months of 2014.
This was disclosed by the Statistician-General of the Federation, Dr. Yemi Kale, at a workshop organized by the NBS for the review of definition and methodology for computing unemployment statistics in Nigeria.
According to him, the new figure was arrived at through a recent job creation survey carried out by the NBS for the first and second quarters of 2014, adding that the scope of the survey covered formal and informal establishments and public institutions in the country.
DailyPost recalls that NBS commenced conducting quarterly job creation surveys in third quarter of 2012 and had since released job creation numbers for up to fourth quarter of 2013 and now first and second quarters of 2014.
The report indicates that in the first quarter of 2014, the formal sector recorded 76.018 new jobs; informal recorded 158,894 new jobs, while the public sector recorded 5,959 new jobs.
The total new jobs for the first quarter of 2014 was 240,871, representing a decrease by 10.3 per cent from the previous quarter, which recorded 265,702 jobs and lower than the 431,021 jobs created in the corresponding quarter in 2013.
Comments