THE EFFECTS OF INFLATION UNEMPLOYMENT AND ECONOMIC GROWTH IN NIGERIA

For several decades, economic performance has not been impressive. The continued economic crisis, with the associated problems of high rate of unemployment and under-deployment. Low wages and poor working conditions and high inflation rate in developing country like Nigeria, call for attention to economist, policymakers and researchers alike. This study therefore, examined effects of inflation and unemployment on economic growth in Nigeria, Quantitative research design was embraced in the study through the use of time series data obtained from Bulletin. The study use gross domestic product (GDP) as the dependent variable while unemployment rate and inflation are used as the independent variables. Unit root test, Johanson Co-integration an Ordinary least square was used to analyze the data with the help of Economic Views Software (E-Views 12). This study showed that there exists negative relationship between unemployment rate and gross domestic products. The result also showed that negative relationship exists between inflation rate and gross domestic products, which implies that an increase in the rate of inflation will bring about a decrease in the growth of the economy. The Study concluded that the twin macroeconomic variables, unemployment and inflation are the major problems confronting the economy which have the propensity to influence other economic factors such as gross domestic products, however the inability of government to find a lasting.