Danish economy is recovering

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

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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