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The Danish unemployment rate is the lowest since 2009

Danish Unemployment Rate

The unemployment rate in Denmark is falling. The number of people who receive social welfare support diminished by 1,400 in June. 

Statistics

Officially, there are 107,300 people who aren’t working currently and who receive government support. According to the statistics department, the unemployment level is the lowest since 2009 taking into account both the percentage of people who aren’t working and the number of individuals in full-time positions.

Even though there has been a steady decrease since 2009 there were some insignificant increases of unemployment in 2016 and 2017. Moreover, the number of people, who are suitable to work but aren’t employed yet, reach 152,000. Meanwhile, it was 148,000 in March last year. So, as we can see, not all numbers are looking better.

The labour market situation

Danish businesses have thousands of unfilled job positions, but at the same time they are struggling to find suitable candidates. Business owners claim they are facing the lack of skillful workers, whose abilities would match required ones. Unfortunately, the supply doesn’t satisfy demand in the Danish labour market.

The Economic Council of the Labour Movement (ECLM) is encouraging businesses “to take more people on the fringes of the labour market and implement more full-time positions”. It’s quite an absurd situation that the solid number of capable jobseekers receives a social welfare support while their potential could be used in working environment, since there are quite a few unfilled jobs. 

In spite of the decreasing level of unemployment in Denmark, ECLM ensures that there still are up to 200,000 persons who would like to have a job. 

The European context

The Danish labour situation within the European context is doing quite well: The unemployment rate is quite low (3.9% in July, 2018). The country is one of the leading ones,compared to the European average. Denmark is also getting closer to full employment and could even face a manpower shortage which might call for a reconsideration of the country’s hard stance on immigration.

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