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After some weak months during the summer last year, Danish job board Jobindex AS (JOBND: CPH) reported an improvement during the autumn, with the further improvement in the labour market continuing into 2014.
The number of new jobs advertised on the website in January 2014 was 16,600, a slight decrease compared with December 2013, when 16,800 new job postings were reported. However, there was a great improvement compared with August when 15,500 new job adverts were reported.
At the end of 2013, Jobindex reported a positive outlook, however, these figures have since been revised downward. Despite the revision, however, Jobindex remains confident that there has been an improvement.
Despite the increase in the number of new jobs adverts, it remains far short of the level reported before the financial crisis hit. Before the financial crisis there were, on average, more than 30,000 new jobs posted on the web each month. At its lowest point, the number of new job adverts fell in less than 13,000 per month in 2009, leading Jobindex to confidently conclude that the worst of the labour market crisis has passed.
Looking forward to 2014, Jobindex’s CEO Kaare Danielsen remains optimistic: “The labour market remains fragile, but today's figures provide reasonable hope of a slight increase in employment over the coming quarters.”
Key: Pr. måned – per month