NBS Releases Q1’15 Job Creation Full Report; 469,070 Jobs Created

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July 02, 2015 / 02.07pm /National Bureau of Statistics

PREAMBLE
The National Bureau of Statistics (NBS) in collaboration with the Central Bank of Nigeria and the Office of the Chief Economic Adviser to the President conducted the routine National Job Creation Survey covering the 1 st Quarter of 2015.

Due to the general elections which took place at the end of the first quarter of the year, the survey was conducted late April and May 2015 with selected tables of the findings already published on the NBS website.

 

The survey as usual covered the informal, formal sectors of the economy as well as public institutions in all 36 states and the Federal Capital Territory. The aim of the exercise is to make available, timely and policy relevant information and data on employment generation in Nigeria through the application of appropriate statistical methodology, to guide employment policy design and monitor existing policy to ensure optimum results.

BACKGROUND TO THE SURVEY

Unemployment continues to be a source of concern for many countries around the world. This, it has been argued, is as a result of an increase in population as well as a challenging economic environment the world over.

 

Africa and indeed Nigeria is not left. Employment and Job creation was the most talked about issue during the recently concluded general elections in the country. In Nigeria, this issue is compounded by the expanding number of students/ candidates gaining admission into tertiary institutions in recent years. In turn, this has led to a large turnout of graduates without the corresponding number of available jobs.

The fact that these new graduates are competing for relatively fewer jobs in the formal sector (together with the accumulated pool of unemployed over previous administrations) as opposed to the informal sector, where more jobs can be created, has compounded the problem. This has been a major challenge for successive administrations since the 1990’s. To address this challenge, each administration has come up with its own policy to curtail the challenge.

 

The results have varied across the years with recorded cases of little progress. As with previous governments, the new administration has employment generation as one of its focal areas. In spite of the slowdown in economic growth in the first quarter of 2015, jobs are being created in all the sectors of the economy.

 

It can be attested to by the increased banking activities occasioned by the opening of new bank branches and expansion of activities of international and local wholesale and retail trading establishments, accommodation and food services including large supermarkets and hotels etc.

 

One of the growing business activities that have been identified lately is the rise in the number of recruitment companies in the country. This is a strong indication of the significant availability of jobs in the economy that needs to be filled up. It is however, important to track the jobs supplied in order to compare with demands, as well as, track the degree of success of the various job creation initiatives of government. It is only if these jobs being created are larger than the jobs being supplied that we can force down the unemployment rate.

 

Accordingly, adequate and timely information on jobs is necessary. This is what specifically informed the quarterly tracking of jobs by the NBS. It is important to note here that NBS employs the internationally accepted definition of a job which is a task or piece of work (legally done) that is done especially to be paid.

It therefore does not consider wages and or job satisfaction, which is in line with international convention. The above concerns are covered under another series of indicators such as poverty or living standards. These issues should therefore not be mixed up when analyzing jobs data. It is also important to note that jobs created in this report means NET JOBS CREATED

 

OBJECTIVES OF THE SURVEY

1.    To examine the effectiveness of job creation policies of the government

2.    To come up with statistically reliable estimates of the number of jobs created or lost in the economy during the reference period

3.    To improve available information and data on the Nigerian Labour market such as employment-generating sectors, seasonality in employment and reasons for employment generation.

4.    To update the database on the number of jobs generated in the Nigerian economy during the first quarter of 2015.

FINDINGS
In the first quarter of 2015, the total number of jobs created in the economy was 469,070 jobs; this is an increase of 26.95 per cent (99,585) over the number of jobs in the preceding quarter and 94.7 per cent more than the total number of jobs recorded in the same period of 2014.


In the formal sector, 130,941 new jobs were generated, representing 27.92 per cent 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 but a 72.3percent increase when compared to the same period in 2014.

There was also a 30.5 per cent (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 represent 1.2 per cent of the total jobs generated during the reference period.

Under informal jobs, which typically consists of jobs 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.

In the first quarter of 2015, 332,403 new jobs were created in this sector, compared to the 227,072 new jobs in the 4th quarter of 2014; this signifies a 46.39 per cent increase between the two periods. This sharp increase is very much expected, given the numerous informal economic activities that come up during the election period.



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