Unemployment spikes as manufacturing outlook dims | The Guardian Nigeria News - Nigeria and World News - News Summed Up

Unemployment spikes as manufacturing outlook dims | The Guardian Nigeria News - Nigeria and World News


In the manufacturing sector, the employment index stood at 46 points, indicating a contraction for the seventh consecutive month. Of the 14 subsectors of manufacturing, only three recorded growth in employment level while nine recorded lower employment. THE non-manufacturing employment index hit its peak in December 2019 and took a detour, tumbling to its lowest level in May 2020. “The employment level Index for the non-manufacturing sector stood at 44.2 points, indicating contraction in employment level in October 2020. He, however, said the impact of the actions on the manufacturing sector was enormous.


Source: The Guardian October 28, 2020 04:30 UTC



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