NAIROBI, Kenya, Aug 22 – The International Monetary Fund (IMF) released a new report that highlighted the unemployment situation in Sub-Saharan Africa. From the report, Kenya may have very valuable lessons to learn.
“Kenya’s capacity to create new jobs is not in tandem with the rapid population rise. It has as a result ended up creating a huge pool of young jobless Kenyans. Eighty per cent of unemployed Kenyans are below the age of 35.”
One of the solutions to this problem is to support industries that are currently creating jobs. This means capacity to accurately track job creation trends for all sectors in the country is mandatory.
Data Fintech’s July 2017’s analysis of the Kenyan Job market has shown that the Trades & Services, Manufacturing /Production, Customer services sectors and Tourism & Travel job categories have grown between June and July 2017.
Looking at the Trades&Services job category, salaries have surged by a whopping 108.33 percent to reach a new nine month high of Sh90,625.
The median salary of Tourism & Travel employees has also recorded an 80.38 percent surge, amounting to Sh82,500 on July 2017, showing that the tourism industry has grown.
Manufacturing/Production also experienced a 68.35 percent surge in median salary breaching the Sh130,000 mark and creating an average of 31 jobs per month within the same period.
The study has been realized by Data Fintech, a Kenyan consumer data broker, based on data collected on BrighterMonday Kenya, the leading online Job market platform in Kenya.