ABSTRACT
Unemployment is a phenomenon that occurs when a person who is actively searching for employment is unable to find work. Unemployment is often used as a measure of the health of the economy. The most frequently measure of unemployment is the unemployment rate, which is the number of unemployed people divided by the number of people in the labor force.
The level of unemployment varies with economics conditions and other circumstances. This is mostly seen in under developed nations like Nigeria.
The level of unemployment varies with economics conditions and other circumstances. This is mostly seen in graduate of various institutions of learning especially in under developed nations like Nigeria. The study was designed to investigate the impact of unemployment on economics growth in Nigeria of 41 years (1970-2010). The research focuses on determining the cause and impacts of unemployment, and how the problem of unemployment in Nigeria will be reduced, to a minimal level or even eradicated. It focuses on this objective is toa determine the relationship between unemployment and economic growth in Nigeria (GDP). The method of analysis used in testing the hypothesis is the hypothesis is the T-test, F-test etc. the major findings was that unemployment has a negative impact on the gross domestic product (GDP) of the Nigeria economy. Some suggestions and policy recommendations were made based on the findings.
TABLE OF CONTENT
Title Page i
Certification ii
Dedication iii
Acknowledgments iv
Abstract v
Table of Contents vi
CHAPTER ONE
1.0 Introduction 1
1.1 Background of Study 2
1.2 Statement of Problem 4
1.3 Research Questions 5
1.4 Objectives of study 6
1.5 Statement of hypothesis 7
1.6 Justification of study 7
1.7 Scope and limitations of study 7
CHAPTER TWO – REVIEW OF RELEVANT LITERATURE
2.1 Theoretical Literature 9
2.2 relationship between Unemployment and Inflation 13
2.3 Causes of unemployment in Nigeria 14
2.4 Consequences or effects of unemployment 19
2.5 Unemployment and economic recession 21
2.6 Theoretical Framework 22
2.7 Conflict of Theory 23
CHAPTER THREE- METHPDOLOGY
3.0 Methodology 25
3.1 Research Questions and Hypothesis 25
3.2 Methods of Evaluation or Data Analysis 27
3.2.1 Economic Theoretical Test 28
3.2.2 Statistical Critical 29
3.2.3 Econometric Critical 30
3.3 Data Required Source, Transformation 30
CHAPTER FOUR- DATA ANALYSIS, PRESENTATION AND INTERPRETATION
4.0 Introduction 31
4.1 Presentation of Regression Result 31
4.2 Economic Apriori Criteria 32
4.3 Statistical Criteria (Frist Order Test) 34
4.3.1 Coefficient of Multiple Determinants (R2) 34
4.3.2 The Students T-Test 35
4.3.3 F Statistic 36
4.4 Econometrics Criteria 37
4.4.1 Test for Autocorrelation 37
4.4.2 Normality Test for Residual 38
4.4.3 Test for Heteroscedasticity 38
4.4.4 Test for Multicollinearity 39
CHAPTER 5
SUMMARY OF FINDINGS, CONCLUSION AND RECOMMENDATION
5.1 Summary 41
5.2 Conclusion 41
5.3 Recommendation 42
Appendix 44
References 49
