Favour Oghenekevwe ERUOTOR

This study investigates the determinants of unemployment in Nigeria using the Autoregressive Distributed Lag (ARDL) model and data from 1999 to 2023. The empirical findings reveal that in the short run, population growth and real GDP have a significant
negative impact on unemployment while inflation and government expenditure exhibit a positive and significant effect on unemployment. In the long run, population growth continues to have a significant negative impact on unemployment, inflation remains positively related to unemployment, government expenditure maintains a positive relationship with unemployment
while real GDP has a negative effect on unemployment, underscoring the importance of sustained economic growth in fostering employment. Based on these findings, the study recommends policies aimed at tackling unemployment. Specifically, inflation control measures should be implemented to stabilize prices and support employment-friendly macroeconomic conditions and government expenditure should be efficiently allocated to high-impact sectors such as education, vocational training, and technology-driven industries to maximize job creation.

This study investigates the determinants of unemployment in Nigeria using the Autoregressive Distributed Lag (ARDL) model and data from 1999 to 2023. The empirical findings reveal that in the short run, population growth and real GDP have a significant
negative impact on unemployment while inflation and government expenditure exhibit a positive and significant effect on unemployment. In the long run, population growth continues to have a significant negative impact on unemployment, inflation remains positively related to unemployment, government expenditure maintains a positive relationship with unemployment
while real GDP has a negative effect on unemployment, underscoring the importance of sustained economic growth in fostering employment. Based on these findings, the study recommends policies aimed at tackling unemployment. Specifically, inflation control measures should be implemented to stabilize prices and support employment-friendly macroeconomic conditions and government expenditure should be efficiently allocated to high-impact sectors such as education, vocational training, and technology-driven industries to maximize job creation.