Dansk Industri predicts surge in manufacturing jobs

New data shows that higher productivity creates more jobs, but there is still a long way to go

Dansk Industri (DI) and Dansk Metal have predicted today that the manufacturing sector can be confident of creating 5,000 jobs every year leading up until 2020 thanks to improved productivity. 

Up 30 percent since 2008
Newly-released data from the two organisations show that productivity in manufacturing has risen by 30 percent since 2008, and 5.3 percent last year alone.

“Higher economic growth and improved competitiveness with increased productivity will make it possible for us to gain 5,000 jobs a year towards 2020,” Klaus Rasmussen, the chief economist at DI, told Børsen.

A general improvement
The improvements mirror trends across the job market. Dansk Jobindex in February alone posted 17,000 jobs on the net – the highest number since December 2008, according to Jyllands-Posten. However, there is still a way to go. Before the financial crisis, an average of 30,000 jobs were posted online every month.