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Denmark – Jobindex reports fragile improvement

04 November 2013

The Danish job index has started to show improvements after weak months during the summer. The number of new online job advertisements rose by 800 between September and October, which has now rebounded to nearly same level as last summer.

There were 16,500 new job advertisements posted online in October. Jobindex is quick to point out that Rome wasn’t built in a day and the figures are not yet proof that the labour market crisis is over. However, the figures released today are evidence that things are moving in the right direction.

In spite of the month-on-month increase, the number of new jobs posted online remains significantly below that of the pre-financial crisis level. Before September 2008, the average number of new online job advertisements per month was over 30,000. At its lowest ebb, the number of jobs advertised each month in 2009 fell to below 13,000 per month.   

The rise in October can be traced back to growth increases in the private and public sectors. It is, however, particularly evident among blue collar workers. This group may also benefit from a small boost in November, as a result of the hurricane.

Jobindex added: “Not that a hurricane is good for the economy, but it provides a period of increased economic activity, employment, and prosperity, especially in construction industry.”

The labour market remains fragile, but the figures released today provide hope that the small increase of unemployment in September is not the beginning of a new trend.  

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