OPS fears job losses as economic growth slows to 2.31%

The Organised Private Sector is concerned about potential job losses in Nigeria's economy following a decline in GDP growth in the second quarter of 2023, with manufacturers already cutting jobs and divesting from the country.

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8/24/2023

New methodology improves Nigeria’s unemployment rate to 4.1% in Q1 2023 - NBS

Nigeria's unemployment rate has dropped dramatically to 4.1% for the first quarter of 2023, highlighting an improvement in the job market; however, there are concerns about the quality and sustainability of employment under the new methodology used for data collection.

8/30/2023

Weaker-Than-Expected August Job Growth Reported—Labor Market Officially At Pre-Pandemic Levels

Private employers in the U.S. added fewer jobs than expected in August, indicating a slowdown in the labor market and suggesting that the rapid job growth seen in recent years is no longer sustainable.

9/5/2023

Lebanon private sector activity falls to 7-month low as output and new orders decline

Lebanon's private sector experiences a decline in business conditions in August, with the purchasing managers' index falling to a seven-month low, as output and new orders decrease amid the country's ongoing economic crisis.