LEGISREPORTS NG – The National Bureau of Statistics, NBS yesterday released job creation statistics for the first half of the year. The figure showed that the economy created 500,224 jobs across the country in the first six months of 2014.
The figure was announced 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.
He said 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.
According to him, the scope of the survey covered formal and informal establishments and public institutions in the country.
It will be recalled that the NBS started conducting quarterly job creation surveys in Q3 of 2012 and had since released job creation numbers for up to Q4 of 2013 and now Q1 and Q2 of 2014.
According to the report, in the Q1 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 Q1 of 2014 was 240,871, representing a decrease by 10.3 per cent from the previous Q, which recorded 265,702 jobs and lower than the 431,021 jobs created in the corresponding Q in 2013.