Friday, 8 July 2016

The Impact of Unemployment In Nigeria

ABSTRACT

The term unemployment can be defined as an economics condition marked  by  the  fact  that  individual  actively  seeking  jobs  remain unhired. Unemployment is expressed as a percentage of the total available  work  force.  The  level  of  unemployment  varies  with economics conditions and other circumstances. This is mostly seen in graduate  of  various  institutions  of  learning  especially  in  under developed nations like Nigeria. The study was designed to investigate the impact of unemployment on economics growth in Nigeria of 41 years (1970-2010). The research focuses on determining the cause and  impacts  of  unemployment,  and  how  the  problem  of unemployment in Nigeria will be reduced, to a minimal level or even eradicated.  It  focuses  on  this  objective  is  toa  determine  the relationship between unemployment and economic growth in Nigeria (GDP). The method of analysis used in testing the hypothesis is the hypothesis is the T-test, F-test etc. the major findings was that unemployment has a negative impact on the gross domestic product (GDP)  of  the  Nigeria  economy.  Some  suggestions  and  policy recommendations were made based on the findings.




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