IMPACT OF MACROECONOMIC VARIABLES ON UNEMPLOYMENT IN NIGERIA (1980-2015)

ABSTRACT

The study examined the impact of macroeconomic variables on unemployment in Nigeria from 1980 to 2015 using a secondary data obtained from central bank of Nigeria statistical bulletin and national bureau of statistics 2015 and ordinary least square estimation technique. The empirical findings of the study provided evidence that inflation and GDP have its impact on unemployment since they are all exerted significant. The study therefore recommended that if the federal government wants to reduce the unemployment level in Nigeria, they should pay close attention to controlling inflation and maintaining a sustained economic growth as they significantly impact the level of unemployment.

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