NBS says 469,070 jobs were created in the first quarter of 2015

The National Bureau of Statistics (NBS) has put the total number of jobs created in the first quarter of 2015, at 469, 070 which is an increase of 26.96 per cent (99,585)over the number of jobs in the preceding quarter.

In its Job Creation and Employment Generation Survey, for Q1 2015, released in Abuja, the agency stated that the formal sector, which is predominantly “white collar job”, generated 130,941 new jobs, representing 27.92percent of total jobs generated in the first quarter of 2015.  This shows  a decline of 5.13percent (7,085) when compared to the fourth quarter of 2014.

The report however, stated that the decline in the formal sector jobs often sought after by graduates created in Q1 2015 represents the third straight quarter of consistent reduction in formal sector jobs.

The agency in the report, added that, there was also a 30.5 percent (1,339) increase in the number of jobs created in the public sector of the economy, making it 5,726 new jobs generated in the public sector in the 1st quarter of 2015, the jobs generated in the public sector represents 1.2 percent of the total jobs generated during the reference period.