Government creates 400,000 jobs, says NBS
The National Bureau of Statistics (NBS) in the 4th quarter of 2014 said that the Federal Government produced a total of 369,485 jobs from a cross section of the economy.
According to the fourth quarter job creation report made available to The Guardian yesterday in Abuja, the jobs were eked out from the formal, informal sectors of the economy, even as the informal sector led in volume of jobs provided with 227,072 jobs representing total of 61.5%.
However, the formal sector recorded 138,026 jobs or 37% total jobs, while the formal sector merely accounted for 4,387 jobs or 1.2%.
“In quarter four of 2014, a total of 369,485 jobs were created across all sectors of the Nigerian economy. Of these, 138,026 or 37.4% were recorded in the formal sector, 4,387 or 1.2% in the public sector and 227,072 or 61.5% in the informal sector,” the bureau said.
The breakdown however, showed that the formal sector experienced a decrease of 7,438 or 5.1% from the 145,464 jobs recorded in the third quarter of 2014. The public sector also decreased by 1,348 or 23.5% jobs from the total recorded in the third quarter, while the informal sector however, increased from the previous quarter with 28,928 or 14.6% jobs.
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