Dear Africa interested individuals: There are three major macroeconomic indicators globally: GDP/GDP growth, inflation (CPI) and unemployment rate. Whenever a country's number is called, these are typically the first three indicators that are looked at before other indicators like balance of payments etc. Nigeria's unemployment rate computation methodology was recently revised. Before now, anybody employed must work for at least forty (40) hours before they are considered employed. Any individual who works less than forty (40) hours is deemed to be unemployed as the natural assumption is that an individual's inability to work a forty h...
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