Unemployment Rate

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Topics: Unemployment
British Journal of Arts and Social Sciences ISSN: 2046-9578, Vol.5 No.2 (2012) ©BritishJournal Publishing, Inc. 2012 http://www.bjournal.co.uk/BJASS.aspx

Graduate Unemployment in Nigeria: Causes, Effects and Remedies.
Dr. Oluseyi A. Shadare Department of industrial Relations and Personnel management, University of Lagos, Akoka, Yaba, Lagos, Nigeria seyidare2001@yahoo.co.uk

Elegbede Sikirulahi Tunde Department of industrial Relations and Personnel management, University of Lagos, Akoka, Yaba, Lagos, Nigeria, telegbede@unilag.edu.ng

Abstract This paper examines causes of unemployment in Nigeria as well as the consequences and implications of graduate unemployment in Nigeria. The paper also provides useful suggestion and recommendations on how to curb graduate in Nigeria. The paper adopts empirical analysis to examine the causes of unemployment in Nigeria. The data used in this study is of two type primary and secondary data. However, for the primary data the questionnaire was used to solicit responses from the respondents. In conclusion economic recession, governmental policy, employment of expatriates and trade union wage demand increase the rate of unemployment. The study emphasis that planning for human resources use in Nigeria has been based on guesswork and needs reevaluation. Keywords: Unemployment, Human resource planning, Graduates, Economy.

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British Journal of Arts and Social Sciences ISSN: 2046-9578

Introduction Economists are unable to agree on the causes of or cures for unemployment (or anything else, it seems). The essence of the Keynesian explanation is that firms demand too little labour because individuals demand too few goods. The classical view was that unemployment was voluntary and could be cleared by natural market forces. The neo-classical theory is that there is a natural rate of unemployment, which reflects a given rate of technology, individual preferences and endowments. With flexible wages in a competitive labour market, wages



References: Beer , W And Herves M.E.A ( 1966). ‘ Employment And Indusstrialization In Developing Countries’, Quarterly journal of Economics, Vol.30 No.1 Bhalla A.S ( 1973) ‘ A Disaggregative Approach To Employment In Less Developed Countries ' The Journal Of Development Studies Berg, E.J. (1969) ‘wages policy and employment in less developed countries ‘, in R. Robinson, Ibid. Diejomoah V.P And Orimolade W.A.T (1971). ‘ Unemployment In Nigeria: An Economic Analysis Of Scope , Trends And policy Issues ‘ Nigerian Journal Of Economic And Social Studies Vol.13 no.2 Pp 127-160 Berg, E.J 9 (1969) ‘Urban Real wage And the Nigerian Trade Union Movement (1939-1960: a comment’ Economic Development and Cultural Change, (EDDC), VOL.17 NO.4 Fajana, S. (1987) economic Recession, Collective Bargaining And labour Market Segmentation In Nigeria, Nigerian Management Review CMD, Lagos, Vol.2, No 1, P9-16 Fajana, S (2000) Functioning Of the Nigerian Labour Market, Labofin and Company, Lagos, Nigeria. Fashoyin ,T.( 1980) Industrial Relations In Nigeria, Macmillan , London Fashoyin, T. ( 1987) collective Bargaining In Public Sector In Nigeria, Macmillan , Lagos. Falae,S.O ( 1971),’ unemployment In Nigeria’ Nigerian journal of economic and social studies, vol.13 , no1, march. Kilby, P ( 1967) Industrial Relations And Wage Determination : Failure of the Anglo-Saxo Model , Journal of Developing Areas ( JDA) , Vol.1 No.14, July. Kilby, P. ( 1969) Industrialization In An Open Economy : Nigeria , !945-1966,Cambridge University Press, Cambridge. Otobo , D. ( 2002) Industrial Relations ; Theories and controversies , Malthouse Press limited, Lagos , Nigeria. Standing ,G ( 1983) ‘the notion of structural unemployment’ international labour review, volume 22 No2 P. 137-153 Weeks , J. ( 1968) ‘ A comment On Kilby : Industrial Relations And Wage determination, Journal Of Developing Areas ( JDA) , Vol. 3, No.1. Bioprofile of Authors Dr, Oluseyi Shadare is a lecturer with the department of Industrial Relations & Personnel Management, University of Lagos, Nigeria. His areas of specializations are human resource management, human capital development and labour relations. Mr. Elegbede Tunde is a lecturer with the department of Industrial Relations & Personnel Management, University of Lagos, Nigeria. His areas of industrial and employment relations, labour market analysis , diversity management and trade unionism. Has many publications to his credit both locally and abroad. 154

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