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impact of employment on economic growth

Growth is not a means to an end: it is designed to serve people, promote development and reduce poverty. Ask us anything! When is said voluntary I mean a condition where somebody chooses not to work because they have a means of support other than employment example is the idle rich man. this situation is brought about by economic variables, such as the level of aggregate demand and the actual and/or expected real wage rate. In Nigeria however the ability and willingness to work is not sufficient. To determine the relationship between unemployment and economic growth in Nigeria. he indicated that economic growth has a definite impact on employment, but that it can take time for the impact to be felt. The time allowed for the completion of this work was short, coupled with the fact that other academic work was in progress. Yet, from an economic viewpoint, the unregistered unemployed are part of the labour force and are, therefore, technically unemployed. 2. 3. Some suggestions and policy recommendations were made based on the findings. the major findings was that unemployment has a negative impact on the gross domestic product (GDP) of the Nigeria economy. The level of unemployment varies with economics conditions and other circumstances. The relation between economic growth, social progress and environmental protection represents a key to development. But under different conditions, similar rates of growth can have very different effects on poverty, the employment prospects of the poor and broader indicators of human development. 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. The rising rate of the population of the country which is faster than the job opportunities, a situation in which birth rate is rising, death rate falling and the population growth rate is between 2.5% and 3% unemployment is bound to exist. The second constraint to this research was finance and time. It can be measured by the numbers of hours worked per week. The limitation of this research were much and varying. Employment contributes to economic growth and high employment means a greater number of goods can be produced which will as well mean increase in output, which can result to economic growth and development. The component that has the largest impact on GDP and economic growth is consumer spending. The objectives that will guide this study are as follows; 1. H0: Unemployment has no significant impact on economic growth in Nigeria. This is mostly seen in graduate of various institutions of learning especially in under developed nations like Nigeria. You are allowed to use the original model papers you will receive in the following ways: 1. To make policy recommendations based on the finding. As at December 1999, school leavers unemployment rate had raised to 67.0% for males and 68.8% for females in the urban centres while the rural centres was as high as 59.1 and 55.7%. There were several cases of limited copies of materials. We are here to answer your questions. For instance, during the period under investigation a peak of 14.0% rate of unemployment was recorded for polytechnic female graduate in 1998 which the male graduate records had its peak in 1999 with 15.0% point in urban areas (Bello 2003). A considerable size of utilized and underutilized labour abounds in Nigeria and which ought to be brought into the circle. Structural unemployment occurs where employment in one or more declining industries is falling. The Impact of Unemployment on Economic Growth in Nigeria, IMPACT OF UNEMPLOYMENT ON ECONOMIC GROWTH IN NIGERIA, relationship between unemployment and economic, Management and Control of Inventories (Drugs) in Government Health Institutions, THE ROLE OF INFRASTRUCTURE DEVELOPMENT ON NATIONAL ECONOMIC GROWTH, The Effect of Monetary Policy on Economic Growth in Nigeria (1981-2014), Effect of Privatization of Government Owned Industries in Developing Economy (Nigeria), Corporate Governance and its Impact on the Management of MTN Mobile Communication Nigeria Ltd, Index Number Analysis on the Price of Petroleum on the Price of Food Items, The Effect of Tax Revenue on Economic Growth and Development in Nigeria, The Impact of Government Expenditure on Agriculture and Agricultural Output in Nigeria, FAMILY FACTORS AS A DETERMINANTS OF DEVIANT BEHAVIOR AMONG PRIMARY SCHOOL PUPILS, Effect of Privatization and Commercialization on the Nigerian Economy, The Role of Capital Market on Privatization Process in Nigeria, EFFECT OF CORPORATE TAX REVENUE ON ECONOMIC GROWTH OF NIGERIAN MANUFACTURING SECTOR, The Impact of Monetary Policy on Foreign Trade in Nigeria, THE IMPACT OF THE CBN CASHLESS POLICY ON THE DEVELOPMENT OF THE FINANCIAL SECTOR OF NIGERIA.

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