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Browsing: Gender Disparity in Kenyan Unemployment: Education Not a Shield
- 2024 Economic Survey says employment in the modern and informal sectors, excluding small-scale farming and pastoralist activities, went up from 19.1 million in 2022 to 20 million in 2023.
- The nominal wage bill rose by 7.3 per cent to Sh2.8.6 trillion in 2023.
- According to the 2024 Economic Survey, Real annual average earnings per employee in the private sector declined by 2.5 per cent
At least 848,200 new jobs were generated in Kenya last year despite a tough economy that saw firms resort to retrenchment to cut operating costs. The Kenya Economic Survey 2024 released today by the Kenya National Bureau of Statistics (KNBS) shows the informal sector contributed the majority of the jobs at 720,900 or 85 per cent.
Employment in the modern and informal sectors, excluding small-scale farming and pastoralist activities, went up from 19.1 million in 2022 to 20 million in 2023.
In the year under review, …