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Economy generates 732 745 jobs

27 May 2014, 14:16

Abuja - The National Bureau of Statistics (NBS) said on Monday said that 732 745 jobs were created for Nigerians in the formal and informal sectors of the economy in the last three quarters of 2013.

The Statistician-General of the Federation, Dr Yemi Kale, gave this figure at a news conference in Abuja.

Kale said the results of the job creation survey showed that the economy generated 221 054 jobs in the second quarter, 245 989 jobs in the third quarter and 265 702 jobs in the fourth quarter of 2013.

He said a breakdown of jobs created in the second quarter indicated that 80 412 jobs were created in the formal sector, while 112 567 jobs were created in the informal sector and 28 075 in the public sector.

"The formal sector contributed 76 385 jobs to the total jobs generated in the third quarter of 2013, while the informal and public sectors generated 140 673 and 28 931 jobs respectively.

"In fourth quarter of 2013, of the total of 265 702 jobs, the formal sector contributed 101 597, while the informal and public sectors created 143 278 and 20 827 jobs respectively,’’ Kale said.

He said the informal sector continued to lead in the creation of new employment in the economy.

“In the three quarters covered, the informal sector contributed over 54 percent of total employment, making it the highest employer of labour in the economy.

He said the education sector recorded the highest number of 37 578 new employees followed by manufacturing with 9 000 new employees.

The statistician-general said the lowest number of 85 new employees was recorded in administrative and support services sector.

According to him, education and manufacturing sectors record the highest number of jobs created in the formal sector in the third quarter of 2013.

"Education sector generated 29 777 new employment, while manufacturing sector generated 13 946 new jobs.

"A similar trend was also recorded in the fourth quarter of 2013, with education and manufacturing sectors contributing 76 874 and 12 337 new jobs respectively,’’ Kale said.

According to him, the purpose of the survey is to measure employment growth, unemployment and under-employment to enable the policy maker and other stakeholders to proffer solutions to the problem.

-        NAN

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