Unemployment is a critical socio-economic challenge faced by many countries worldwide, and Kenya is no exception. As a developing nation in East Africa, Kenya’s unemployment rate has been a subject of concern for policymakers, economists, and citizens alike. This project aims to provide an in-depth background on the unemployment rate in Kenya, analyzing its causes, implications, and potential solutions.
Kenya, located in East Africa, has experienced significant economic growth in recent decades, driven by sectors such as agriculture, manufacturing, and services. Despite these positive trends, unemployment has remained a persistent challenge, especially among the youth and urban populations.
Understanding the underlying reasons for this issue is crucial for devising effective policies that promote job creation and sustainable economic development. As of the latest available data (up to September 2021), Kenya’s unemployment rate stood at approximately 8.4%.
However, it is essential to note that this figure does not capture the full extent of the problem, as it excludes underemployment and disguised unemployment, prevalent in the informal sector, which constitutes a significant portion of Kenya’s economy.
Data preprocessing and cleaning
Feature engineering and selection
Domain Knowledge about the socioeconomic and economic factors, EDA, Data analysis