Optimism despite unchanged unemployment figures

No change from May to June, but analysts are hopeful

July 31st, 2014 1:16 pm| by admin
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Today the national statistics office, Danmarks Statistik, announced that unemployment was unchanged from May to June, remaining at 133,900 or 5.1 percent of the workforce.

Still positive
Erik Bjørsted, the chief analyst at Arbejderbevægelsens Erhvervsråd, the labour market policy institute, told Berlingske Business that, despite the apparent lack of movement, the situation is improving.

“The employment figures partly suggest that the fall in unemployment we saw in the first quarter of the year isn’t just because of technicalities, resulting from the dagpenge and kontanthjælp benefits reform,” he said.

“More people in fact got into work. At the same time, more positions are being advertised and the number of layoff warnings is also limited.”

Peter Bojsen Jakobsen, an economist at Sydbank, told Berlingske that, while there are 14,329 fewer unemployed people than at the beginning of the year, some of them have registered themselves as now being out of the workforce and are out of the statistics for this reason.

He agrees, however, that things are looking good for the job market. “All in all, we’re positive about the developments in the job market and expect a further fall in unemployment in the course of the second half of the year,” he said.

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