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Denmark – Labour market falters despite increased consumer confidence

05 September 2013

Consumer confidence in Denmark is at its highest level for several year, GDP grew during the second quarter, and there was even a small increase in employment during the second quarter. Despite these positive indicators,the labour market has faltered.

Online job board Jobindex, considered by many a litmus test for current developments in the labour market, reported a slight downward trend in the number of jobs advertised in recent months. This hiccup is not yet considered alarming, but is being treated as a reminder of the fragility of the labour market

The number of new jobs advertised online in August was 15,500, down 500 advertisements compared with July 2013. There have been approximately 16,000 new jobs posted online every month this year, with the exception of August.  

Jobindex is not expressing concern over the figures. The number of new jobs advertised on the internet typically varies to some degree from month to month, particularly during the summer months when there is a degree of statistical uncertainty.

The figures, according to Jobindex, emphasise that, although the economic indicators are showing signs of improvements, a strong recovery of the Danish economy is not believed to be imminent.   

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