Danish economy is recovering

Over two and a half million people had a paid job at the end of 2014

Feb 26, 2015

More than 30,000 Danes got a job in 2014, which means the employment rate is now at its highest level for five years.

Figures from Statistics Denmark accordingly suggest the Danish economy is recovering.

However, while 33,800 people got a job within the private sector, some 2,800 public employees were laid off last year.

"The fact that people are getting hired is the best indicator for the Danish labor market," Erik Bjørsted, a chief analyst at Arbejderbevægelsens Erhvervsråd, told Berlingske.

Shaking off the economic crisis
The employment rate has been increasing since the spring of 2013, and at the end of 2014, a total of 2,586,100 people had a paid job.

"As long as the European economy won't reach an impasse, the Danish economy may seriously shake off the years of crisis in 2015," Peter Bojsen Jakobsen, a macroeconomist from Sydbank, told Berlingske.

According to Bjørsted, the labour market favours the currently low oil prices, lower interest rates and the weaker krone as they increase demand.

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Danish economy is recovering

New US Arctic security strategy co-opts Denmark as Russia deterrent

Anti-whaling activist and Greenpeace co-founder Paul Watson arrested in Greenland

Migratory birds bring dangerous ticks to Denmark

Planes grounded in CPH as worldwide IT outage hits airlines, media and banks

CrowdStrike director: IT outage issue “has been identifed”

Foreign labour contributes DKK 76 billion to Danish economy in three months

26 May: ‘Visit Carlsberg’ tour at Home of Carlsberg

28 April: ‘Meet the Danes’ guided tour at the National Museum

20 April: Run around Kastellet

19 April: A guided tour of Christiansborg

6 April: Run around Frederiksberg Have

How internationals can benefit from joining trade unions

Internationals in Denmark rarely join a trade union

Novo Nordisk overtakes LEGO as the most desirable future workplace amongst university students

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