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Danish online job board Jobindex A/S (JOBND: CPH) reported that the number of jobs advertised online during December 2013 was 18,900, an increase of 1,000 compared with the previous month and the fourth consecutive month of growth. As a result of the latest rise in the number of online job advertisements, the index has reached its highest level since October 2008.
Remaining characteristically cautious and citing seasonal impact on job numbers, Dansk Jobindex is reluctant to pronounce a full recovery of the Danish job market. Jobindex reported that December figures correspond with an ongoing positive trend; therefore it is not unreasonable to conclude that the labour market is improving.
Quick to point out that ‘Rome wasn’t built in a day’, Jobindex added that the recent month-on-month increases are not conclusive proof that the crisis in the labour market in over. However, they remain optimistic that the trend is moving in the right direction.
Despite the recent increases in online job advertisements, the number remains well below that recorded prior to the financial crisis. Before September 2008, the number of new job posted online each month was more than 30,000. In 2009, that number fell as low as 13,000 jobs posted online per month. The improvement in the labour market can be traced to both the private and public sectors, with the greatest improvement noted in the public sector.