Unemployment rate at 4% in August
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The unemployment rate stood at 4% in August 2021, according to data released by the Central Statistical Office (KSH).
In June-August, the average number of unemployed was 194,000. The number of jobless persons aged 15-74 decreased by 15,000 and their unemployment rate by 0.3 percentage points compared to June-August 2020. Among men, the number of unemployed persons was 104,000 and the unemployment rate decreased by 0.2 percentage points to 4%, while among women, the number of unemployed persons decreased to 96,000 and the unemployment rate decreased by 0.5 percentage points to 4.2%.
The number of unemployed 15-24-year-olds increased to 51,000, and their unemployment rate rose by 1.4 percentage points to 15.9%. More than a quarter of all unemployed were young people. The unemployment rate for 25-54-year-olds fell by 0.5 percentage points to 3.4% and for 55-74-year-olds by 0.2 percentage points to 2.7%.
The average time spent looking for a job was 8.8 months and 34.6% of the unemployed had been looking for a job for at least a year.
At the end of August 2021, the number of registered jobseekers stood at 256,000, down 25.8% year-on-year.
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