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Federal finance and statistics / National Bureau of Statistics

Labor Force Statistics Vol. 1: Unemployment and Underemploment Report (Q1-Q3 2017)

Labour Force Statistics Q1-Q3 2017 Vol 1 Nigeria economic growth has been decelerating since Q2 2014 culminating in an economic recession in Q2 2016. The technical indicator of a recession is two consecutive quarters of negative economic growth as measured by a country gross domestic product (GDP). The economic recession was technically over in Q2 2017. However, several economic activities are still contracting or recovering sub optimally. An economic recession is consistent with an increase in unemployment as jobs are lost and new jobs creation is stalled. A return to economic growth provides…

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