People with Bachelors degrees and the higher national diploma (HND) were able to secure more jobs between the third quarter of 2017 and the corresponding period in 2018.

This is despite the increase in the country’s unemployment figures from 17.6 million people to 20.9 million people.

According to the unemployment report released by the National Bureau of Statistics released on Wednesday, unemployment among fresh graduates declined by four percent from 28.1% to 25.2%.

Underemployment, which defines people working less than 40 hours a week, increased from 11.3% to 13.8%.

“The increasing unemployment and declining underemployment rates imply that the fragile economic recovery is beginning to create employment, however, hours worked within these jobs are not yet enough for full-time employment (40+ hours within the week),” the report read.

“While this is ongoing, the inflow of entrants into the labour market continues to grow steadily, minimizing the effect of any jobs created within the economy on the overall unemployment rate.

“In absolute terms, 1,182,000 people joined the working age population (the age they are now allowed to work) in Q3 2018, out of which 961,391 people joined the labour force (those who are now eligible for work that has now started looking for work) between the second and third quarter of this year.

“The faster growth rate in the labour force over the working age population indicates that more persons previously outside the labour force (unwilling/unable/not actively seeking to work), decided to join the labour force (i.e. to actively seek work) in Q3 2018.”

According to the report, urban dwellers recorded a 2.2% decrease in unemployment while rural dwellers recorded a7.5% increase in unemployment.

“Underemployment, however, decreased for rural areas while urban areas rose in review period – 22.8% of rural residents within the labour force in Q3 2018, were underemployed (engaged in work for less than 20 hours a week); compared to 13.7% of urban residents within the labour force during the same period,” the report read.

“While urban region underemployment has increased 4.7 percentage points over the same period last year (Q3 2017), rural underemployment declined by 4.1 percentage points compared to the same period last year (Q3 2017).”



https://www.thecable.ng/good-news-fresh-graduates-secure-jobs

Somebody made a similar point yesterday

Life is Ups and Down

Keep fooling your zombie skull with useless stats, keep trying to justify dumbohari's incompetency to create jobs while you love be from hand to mouth.

Your lord and master dumbohari will be 'gbabooed' out by use of force. We already know he won't surrender power if he loses. He will be hunted like a rat by the ICC when he tries it. This country will be too hot for him and his dumb family if he doesn't leave in peace.

checkolatunji:
Life is Ups and Down

As long as it isn't BAD BEWS it is a lie to the children of hate and perdition.

Maybe you can just create a bad news yourself, like burn down your house, then post the story here so you can celebrate it with your co workers.

Corrinthians:
As long as it isn't BAD BEWS it is a lie to the children of hate and perdition.

Maybe you can just create a bad news yourself, like burn down your house, then post the story here so you can celebrate it with your co workers.

Afonja with almajiri"s brain spotted in Ogbomosho

This is the true status of Nigeria economy not when we ran a cosmetic economy where we were alleged to have the fastest growing economy yet no infrastructure in the road, education, health agriculture et.al sectors only on paper



Buhari is gradually building an economy that will be sustainable


We keep on complaining of unemployment rise where as no govt at all levels retrenched staff, no MAJOR company fold up within this period,no shops closing up at the major markets in naija

Who exactly are those millions losing millions of job daily?

There is no place in this article where they quoted the NBS report of more fresh graduates securing jobs.

Nowhere in this report did they provide the supporting fact from NBS to verify this segregated claim they made as headline

According to the unemployment report released by the National Bureau of Statistics released on Wednesday, unemployment among fresh graduates declined by four percent from 28.1% to 25.2%.

It must be the Npower 30k stipends.

Fresh graduates are often cheaper to employ

aolawale025:
Fresh graduates are often cheaper to employ

Does businesses not hunt for cheap labor acros the globe or because you want a bad news concerning Buhari the rule should be changed ?

Unemployment has reason. Unless it goes down by 50% there is no progress.

See the rubbish they call increased employment in 2017 from the chart .

No need for sugar coating. Buhari has failed.