Unemployment in Denmark

Denmark Unemployment | Economic News & Forecasts

Denmark - Unemployment

The economy likely recovered somewhat in Q3, after Q2’s pandemic-induced contraction. The unemployment rate eased further in August from May’s peak, boding well for household spending. Meanwhile, the manufacturing PMI remained in expansionary territory throughout the quarter, increasing notably in September. However, both consumer and business sentiment turned more pessimistic in September, likely impacted by a surge in new Covid-19 cases, which led to the announcement of new restrictions midway through the month. The restrictions were extended in early October until the end of the month, which could weigh on momentum in Q4. As such, consumer sentiment remained pessimistic in October, albeit improving slightly. Meanwhile, on 31 August the government tabled the 2021 draft budget, which focuses on safeguarding employment and local businesses, mitigating the fallout from the pandemic.

Denmark - Unemployment Data

2015   2016   2017   2018   2019  
Unemployment Rate4.5  4.1  4.2  3.7  3.6  

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Denmark Unemployment Chart

Denmark Unemployment
Note: Unemployment in % of active population.
Source: Statistics Denmark (DST).

Denmark Facts

Value Change Date
Bond Yield-0.15-1.54 %Jan 01
Exchange Rate6.66-0.57 %Jan 01

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