Job openings raise hope of economic rebound in 2021

Jobseekers at Bandari College in Mombasa after Kenya Ports Authority advertised vacancies. PHOTO | FILE

Job openings in the private sector in January rose at the second fastest pace over the past year, signalling a gradual economic rebound as more businesses and learning institutions increased spending.

The Markit Stanbic Bank Kenya’s Purchasing Managers' Index (PMI) — a monthly measure of private sector activity — shows that the rate of new hires was the fastest since October before authorities tightened some of the pandemic’s containment measures, which had been eased, to stem a second-wave of coronavirus infections.

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