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Following a weak labour market during the summer 2013, Danish job board Jobindex A/S (JOBND: CPH) reported further improvement in the labour market in February 2014. The number of adverts rose to 17,000 in February, an increase of 400 compared with the previous month.
The rise in the number of jobs advertised in February marks the highest level since December 2008, but remains below the 30,000 new jobs posted on average each month prior to the global financial crisis. At its weakest, the Danish labour market produced an average of 13,000 new job adverts per month during 2009.
The improvement in the labour market can be attributed to both the private and public sectors. Recently there has been a surge of new job positions advertised in the private sector, with a positive trend visible over a longer period of time in the public sector.
Despite the growth in job adverts in February, Jobindex remains cautious: “Since the increase is only slight, we must unfortunately note that the labour market is still fragile. There is, of course, also a risk that the situation could take a turn for the worse.”