Recently, rising unemployment was experienced amidst impressive economic growth. This marks an uncharted paradigm in Nigeria’s history and calls for systematic monitoring of developments for policy purposes. In this report the pattern of economic growth is examined, as well as employment generation in Nigeria based on quarterly data. It analyzes the quality of job creation and dynamics of output and employment. It establishes the link or absence thereof between economic growth and labor demand, and provides insights into policy actions to spur employment.