Job Creation Records 26.95% Increase in Q1 2015 - NBS

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Thursday, June 11, 2015 5.27 PM / National Bureau of Statistics

Background
This Summary Table contains the latest estimates for jobs created in the Nigerian economy for the First Quarter of 2015. The objective of the quarterly survey is to track the number of jobs being created in the economy within a given period of time, provide multi-sectoral and policy relevant data on the employment-generating sectors, seasonality in employment and the labour market.

The findings are categorized into Formal sector jobs, Informal sector and Public sector jobs. Formal jobs refer to employment generated in establishments that employ 10 persons and above, or formal professional services that employ less than 10 persons.

The Informal jobs are those generated by individuals or businesses employing less than 10 or those businesses operating with little or no structures e.g. those in Agriculture and Wholesale and Retail Trade. While The Public Institutions are the Government Ministries, Departments, Agencies (MDAs), Government Parastatals, Academic and Research Institutions at Federal, State and Local government levels.

The Quarterly Job Creation survey is a nationwide survey, covering all 36 states of the federation including the Federal Capital Territory (FCT). A sample of 5000 establishments was taken across the country covering all sectors of the economy.

This round of the survey, for which estimates are being reported, achieved a response rate of 82.1percent from the establishments selected in the sample, which is highly commendable. The following selected tables are the key findings from the surveys, a detailed report of the survey results will be published subsequently.

Findings of the 1st Quarter Survey
In the first quarter of 2015, the Total number of jobs created in the economy was 469,070 jobs, this is an increase of 26.95percent (99,585) over the number of jobs in the preceding quarter.

In the formal sector, which is predominantly “white collar job”, 130,941 new jobs were generated, representing 27.92percent of total jobs generated in the first quarter of 2015. This is a decline of 5.13percent (7,085) when compared to the fourth quarter of 2014.

However, this decline in the formal sector jobs often sought after by graduates created in Q1 2015 represents the third straight quarter of consistent reduction in formal sector jobs.

On the other hand, there was also a 30.5 percent (1,339) increase in the number of jobs created in the public sector of the economy, making it 5,726 new jobs generated in the public sector in the 1st quarter of 2015, the jobs generated in the public sector represents 1.2 percent of the total jobs generated during the reference period.

Under informal jobs, which typically consists of low skilled and often low paying jobs generated by individuals or micro businesses employing less than 10 or those businesses operating with little or no structures e.g. those in subsistent Agriculture and Wholesale and Retail Trade.

In the first quarter of 2015, 332,403 new jobs were created in this sector, compared to 227,072 new jobs in the 4th quarter of 2014; this signifies a 46.39 percent increase between the two periods and represented 71% of total jobs created in Q1 2015- the largest share of total jobs in any quarter since we started tracking jobs since 2012.

This sharp increase is informal sector jobs is very much expected, given the numerous informal economic activities that come on during election periods. Additionally, the declining availability of formal sector jobs relative to demand for them is resulting in unsuccessful job seekers establishing micro businesses and engaging in more informal, lower skilled and often lower paying economic activities to make ends meet.





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