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ABSTRACT
The term ‘unemployment’ can be defined as an economic condition marked by the fact that individuals actively seeking for job remain unemployed. Unemployment is very common in under-developed nations like Nigeria and it affects graduates of various institutions of learning. The study was designed to investigate the impact of unemployment on economic growth in Nigeria for the period of 29 years (1982 – 2010). The focus of the research was to determine the cause and impacts of unemployment and this problem can be reduced in Nigeria to a minimal level or if possible, eradicated. The objective of this study is to determine the relationship between unemployment and economic growth in Nigeria (GDP). The method of analysis used in testing the hypothesis is T-test, F-test etc. Data for the study was obtained from the Central Bank of Nigeria Statistical Bulletin. The major finding was that unemployment has a negative impact on the gross domestic product (GDP) of the Nigeria economy. Based on the findings, some recommendations of policy and suggestions have been made.
CHAPTER ONE
THE IMPACT OF UNEMPLOYMENT ON ECONOMIC GROWTH IN
NIGERIA
1.1 Introduction
Unemployment is defined as an economic condition marked by the fact that individuals actively seeking jobs remain unhired. Unemployment is expressed as a percentage of the total available work force. It is seen as a macroeconomic and sociological problem which arises as a result of insufficient and non-availability of jobs to correspond with the growing population. Even those who are employed, sometimes live with the fear of retrenchment. The term unemployment could be used in relation to all the factors of production. But in reference to labour, there is unemployment if it is not possible to find jobs for all those who are eligible and able to work. Labour is said to be underemployed, if it is working below capacity or not utilized in production employment can either be ‘voluntary’ or ‘involuntary’.
Voluntary unemployment is a situation where somebody chooses not to work because they have means of support other than employment e.g. idle rich man. Voluntary unemployment is attributed to the individuals decision; it includes workers who reject low wage jobs.
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SIMILAR ECONOMICS FINAL YEAR PROJECT RESEARCH TOPICS
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1. ANALYSIS ON THE IMPACT OF UNEMPLOYMENT AND INFLATION ON BALANCE OF PAYMENT
» CHAPTER ONE INTRODUCTION 1.1 Background to the study The Nigerian economy has remained largely underdeveloped despite the huge human and natural resou...Continue Reading »Item Type & Format: Project Material - Ms Word | 70 pages | Instant Download | Chapter 1-5 | ECONOMICS DEPARTMENT
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2. EFFECTS OF SMALL SCALE BUSINESS ON THE ECONOMIC DEVELOPMENT OF NIGERIA (A CASE STUDY OF LAGOS)
» CHAPTER ONE INTRODUCTION 1.1 Background of the study Most of the world renowned companies and organizations started as a small scale business with ski...Continue Reading »Item Type & Format: Project Material - Ms Word | 64 pages | Instant Download | Chapter 1-5 | ECONOMICS DEPARTMENT
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3. THE IMPACT OF CHANGE MANTRA ON ECONOMIC DEVELOPMENT OF NIGERIA
» CHAPTER ONE INTRODUCTION BACKGROUND OF STUDY It is now a glaring fact that so much is happening in the Nigerian polity, especially in relation to econ...Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages | Instant Download | Chapter 1-5 | ECONOMICS DEPARTMENT
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4. EVALUATING THE IMPACT OF INTERNATIONAL TRADE FLOWS ON INDUSTRIAL SECTOR EMPLOYMENT IN NIGERIA
» 1 CHAPTER ONE INTRODUCTION 1.1 Background of the Study It is common knowledge that trade have played some prominent role in economic integration and d...Continue Reading »Item Type & Format: Project Material - Ms Word | 81 pages | Instant Download | Chapter 1-5 | ECONOMICS DEPARTMENT
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5. THE STRUCTURE, OPERATION AND IMPACT OF NIGERIAN STOCK EXCHANGE ON NIGERIAN ECONOMY
» TABLE OF CONTENTS Declaration Certification Dedication Acknowledgement Table of Contents Abstract CHAPTER ONE 1.0 Introduction 1.1 Statement of Resear...Continue Reading »Item Type & Format: Project Material - Ms Word | 50 pages | Instant Download | Chapter 1-5 | ECONOMICS DEPARTMENT
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6. THE EFFECT OF EXTERNAL DEVELOPMENT ON THE NIGERIAAN ECONOMIC GROWTH (1989-2010)
» CHAPTER ONE INTODUCTION 1.1 BACKGROUND OF THE STUDY The accumulation of external debt is a common phenomenon of the third World countries at the stage...Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages | Instant Download | Chapter 1-5 | ECONOMICS DEPARTMENT
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7. THE ROLE OF SMALL SCALE INDUSTRIES IN THE ECONOMIC DEVELOPMENT OF NIGERIA
» CHAPTER ONE 1.0 INTRODUCTION It is an undisputable fact that Nigeria of the pre independence era was predominately small scale in its productions and ...Continue Reading »Item Type & Format: Project Material - Ms Word | 96 pages | Instant Download | Chapter 1-5 | ECONOMICS DEPARTMENT
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8. IMPACT OF INTERNATIONAL TRADE ON THE ECONOMIC GROWTH OF NIGERIA 1989-2012
» CHAPTER ONE INTRODUCTION 1.1 Background of the study In our economy today we are privileged to make use of the advanced world countries’ products ha...Continue Reading »Item Type & Format: Project Material - Ms Word | 64 pages | Instant Download | Chapter 1-5 | ECONOMICS DEPARTMENT
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9. THE IMPACT OF INTEREST RATE ON HOUSING FINANCE IN NIGERIA
» ABSTRACT Housing remains to be a critical and essential sector for nearly all economies around the world as it has connections with several other sect...Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages | Instant Download | Chapter 1-5 | ECONOMICS DEPARTMENT
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10. CROSS BOARDER CRIMES AND SOCIO-ECONOMICS DEVELOPMENT AMONG ECOWAS MEMBER STATE
» CHAPTER ONE INTRODUCTION 1.1 Background of the study The Over the years various activities across the borders of ECOWAS member states have hindered su...Continue Reading »Item Type & Format: Project Material - Ms Word | 62 pages | Instant Download | Chapter 1-5 | ECONOMICS DEPARTMENT