National Bureau of Statistics [NBS] said the Nigerian economy created a total of 469,070 jobs in the first quarter of 2015.
In its job creation and employment generation survey, first quarter 2015, released on Wednesday in Abuja, the NBS said this figure represented an increase of 26.95 percent (99,585) over the number of jobs created in the preceding quarter.In the formal sector, which is predominantly “white collar jobs”, the NBS said, 130,941 new jobs were generated, representing 27.92 percent of total jobs generated in the first quarter of 2015.
This is a decline of 5.13 percent (7,085) when compared to the fourth quarter of 2014, according to the statistical agency.
It explained that however, this decline in the formal sector jobs often sought after by graduates created in the first quarter 2015 represents the third straight quarter of consistent reduction in formal sector jobs.
It stated that a total of 5,726 new jobs were generated in the public sector within this period.
“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.
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