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Formal jobs fall to 6-year low despite GDP boom
From Left: Kenya National Bureau of Statistics boss Zachary Mwangi, Planning Principal Secretary Julius Muia, Treasury CS Henry Rotich and Nelson Gaichuhie, Chief Administrative Secretary for National Treasury and Planning during the launch of the Economic Survey 2019, at the KICC yesterday. PHOTO | SALATON NJAU | NMG
The number of formal jobs generated by the economy fell to a six-year low in 2018, worsening the plight of school leavers in the year that the Jubilee Administration recorded its best economic performance, official data has shown.
The data released ay by the Kenya National Bureau of Statistics (KNBS), indicates that only 78,400 new formal jobs were created in the economy last year compared to 114,400 in 2017.
