Working Population and Labour Market

Summary 1 of 4
Active working population increased by 4.4M from July 2017 to September 2018 while Labour Force population increased by 14.56M between July 2015 to September 2018. These are the numbers of people who entered into the labour market within the said period occasioned by many factors such as the increase in the number of graduates and age advancement to above 15 years.

The total number of people that were employed increased by 1.14M between July 2015 to September 2018. Please note that between last year July to this year September there is about 200,000 increase in the number of Nigerians that were employed into a full-time job while about 190,000 people secured a part-time job. Please note that between July 2015 and September 2018, there is an increase of about 5.01M Nigerians that secured part-time jobs.

The number of people that were classified as unemployed by NBS increased by 3.3M between October 2017 to September 2018. Meanwhile, about 5.4M Nigerians entered into the Labour Market between July 2017 to September 2018. If the number of people who entered into labour market is prorated to equal the period for unemployment, we will have up to 4.32M new entry into the Labour market.

Hence, it will be safe to state that out of 4.32M increased in entry into labour market between October 2017 to September 2018, about 1.02M (23.61%) were employed. This show that we have more entry into labour market than the numbers of available jobs in the labour market. The core reasons according to Economics are shorter educational systems (completing NYSC at 16 years); high numbers of secondary leavers; high numbers tertiary institution graduates, high preference for white collar jobs, etc.

Summary 2 of 4

The total Unemployment rate increased by 4.3% from 18.8% from July 2017 to 23.1% as of September 2018. the 23.1% represents 20.9 million persons. Below is the summary of the classification of Nigerian Unemployment rates by NBS.

11.1 million persons were doing some sort of menial jobs.
8.77 million persons were first-time job seekers (new entry).
1.03 million persons have nothing doing at all because of lost of their previous job.

Summary 3 of 4
This page is self-explanatory

Summary 4 of 4
Keynotes from this page are:

Employment rate analysis of youth (15 - 35 years) from July 2015 to September 2018 are:
13.7% as at September 2015
19.1% as at September 2016
25.5% as at September 2017
30.5% as at June 2018
29.7% as at September 2018

For underemployed youths, there is 1.5% increase between July 2017 and September 2018. And also, we have 1.3% increased in unemployed youths with the said period.

Nigeria Employment Rate is 81% far better than UK, US, South Africa with 76%, 60% and 43% respectively. Unfortunately our youth unemployment rate is higher than the aforementioned country except South Africa. While Youth Unemployed Rate in Nigeria is 36%; UK, US and South Africa are 11%, 8.1% and 53%.

This clearly shows that, in Nigeria more older people are getting job at the expense of youth. Reasons why we have and feel unemployment impact than the developed countries. The developed countries focused more of youth employment.

I am own opinion and personal observations, this report represents the reality of situation in Nigeria...

This space can be deleted.

The First stage of repentance is Acknowledgement.
The APC Federal govt must first need 2 admit that things are getting worse. b4 they can get it ryt in preferring sustainable solutions in the remaining few months of their admin.

The real people with employement security are the wards,relatives aides and cronies of the elites of the APC govt in CBN, DSS, NCS, DPR, EFCC, FIRS, NNPC.

So I ask again: which single area has Buhari not made worse since he became President?

Thanks for the analysis.
At least I now know that not all the said number actually have noting doing at all

ozo13:
Thanks for the analysis.
At least I now know that not all the said number actually have noting doing at all

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nameo:


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