Over 400,000 Jobs Created In 3rd Quarter - NBS

Latest data from the National Bureau of Statistics (NBS) show that a total of 475,180 new jobs were created in the third quarter of 2015. In its third quarter survey, the NBS explained that this represents an increase of 236.1 per cent, compared with the previous quarter, and 36 per cent compared to the third quarter of 2014. According to the Bureau, the increase in the number of jobs was driven mainly by informal sector jobs, which accounted for 90.2 per cent. The labour force population increased to 75.9 million from 74 million in the second quater, representing an increase in the labour force by 2.60 per cent. It was followed by formal sector jobs, which accounted for 8.8 per cent, while the public sector generated 4,818 jobs, representing 1.01 per cent of jobs in the period under review. The informal sector accounted for over 90 per cent of total jobs in the third quater, and were predominantly in rural agricultural activities.