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Kazakhstan reports 9.3 million employed amid rising informal work

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Kazakhstan reports 9.3 million employed amid rising informal work

Kazakhstan's labor market shows 9.3 million employed with unemployment at 4.6%. However, 23% of workers are in self-employment, often due to limited options. The imbalance grows as registered unemployment rises from 1.8% to 2.2%.

Employment Statistics

Kazakhstan's labor market currently employs approximately 9.3 million people, maintaining an unemployment rate of 4.6%. Despite these figures, 2.1 million individuals, or 23% of the workforce, are self-employed. This segment often lacks alternative employment options, indicating structural issues within the labor market.

Sectoral Employment Trends

The majority of new jobs are concentrated in the trade sector, which accounts for 16.7% of employment growth, while the industrial sector remains at 12.4%. Meanwhile, registered unemployment has increased from 1.8% to 2.2%, suggesting a growing labor force without a corresponding rise in job demand. Additionally, 4.6 million people remain outside the labor force, unaccounted for in official statistics.

What's Next

The government may need to address the structural issues in the labor market. It remains uncertain how these imbalances will affect economic stability if demand slows.

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Kazakhstan reports 9.3 million employed amid rising informal work