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Danish Unemployment fall to all time low since 2009

Tuesday, 30 April 2013

Danish unemployment fell from February to March, with 2,300 people and is now at 154,900. Equivalent to 5.8 percent unemployed, figures from Statistics Denmark show.

Unemployment has been falling and with such fall comes a new positive record - the lowest unemployment rate since December 2009, the figures show.

Viewed over a longer period, unemployment has been very stable. Since January 2010, the unemployment rate ranged between 5.9 and 6.2 percent of the workforce.

Even youth unemployment for those between 25-29-year olds unemployment has fallen most in the past month. The youth unemployment rate has fallen by 0.2 percentage points, the figures show.

For the age groups 16 to 24 year olds, the 30-39-year-old and the 50-59-year olds, the unemployment rate fell by 0.1 percentage points. However, it is still the 25-29-year-old, who stands with the highest unemployment. Here they hold 9.4 percent unemployment.

Chief Economist at Nordea, Helge J. Pedersen says that the explanation for the decrease in unemployment may be found in that more are pulling out of the labour market of that time.

By Scancomark.com Team

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