Formal jobs growth fall to a seven-year low as salaries increase

Treasury Secretary Ukur Yatani during the launch of the 2020 Economic Survey in Nairobi on April 28, 2020. PHOTO | EVANS HABIL | NMG

The number of formal jobs generated by the economy fell to a seven-year low in 2019, dimming the hopes of school and college leavers in a year when economic growth slowed down to 5.4 percent.

However, the decline was counterbalanced by the growth in informal jobs, which rose from 744,000 in 2018 to 767,900 last year, according to data released by the Kenya National Bureau of Statistics (KNBS) in Nairobi yesterday.

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Note: The results are not exact but very close to the actual.