"469,070 Jobs Created In The First Quarter of 2015" - NBS Data Reveals

The National Bureau of Statistics, NBS, has revealed that 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, June 10, 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.