Unemployment in Denmark
Denmark - Unemployment
The economy was set back at the outset of 2022, with GDP recording a marginal decline in sequential terms. The slowdown was largely attributable to sharp moderations in government spending and private consumption, due to a statistical effect and rising price pressures. That said, the scrapping of Covid-19 restrictions towards the end of Q1 should have supported activity somewhat. Moving to the second quarter, momentum is seemingly further being dampened by constrained household spending. Inflation hit its highest value in nearly four decades in April, while consumer sentiment tumbled to its lowest levels on record in April and May due to heightened global uncertainty. That said, the ongoing tightening of the labor market through March should be providing some support. In politics, in early May a cabinet reshuffle took place for the second time since the government took office in 2019.Denmark - Unemployment Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Unemployment Rate | 4.5 | 4.1 | 4.2 | 3.7 | 3.6 |
Denmark Unemployment Chart
Source: Statistics Denmark (DST).
Denmark Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | -0.15 | -1.54 % | Jan 01 |
| Exchange Rate | 6.66 | -0.57 % | Jan 01 |
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Economic News
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Denmark: Inflation comes in at highest level since February 1983 in July
August 10, 2022
Consumer prices increased a seasonally-adjusted 1.14% in July over the previous month, picking up from the 0.80% increase recorded in June.
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Denmark: Manufacturing activity growth eases in June
August 8, 2022
Manufacturing output expanded 1.1% in month-on-month seasonally-adjusted terms in June, which was a deterioration from May's 3.1% increase.
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Denmark: Business sentiment unchanged in July
July 28, 2022
Business sentiment came in at minus 9.0 in July, matching June's reading.
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Denmark: Consumer sentiment falls to fresh all-time low in July
July 20, 2022
Consumer sentiment came in at minus 25.6 in July, down from June's minus 24.8.
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Denmark: Inflation comes in at highest level in nearly four decades in June
July 11, 2022
Consumer prices increased a seasonally-adjusted 0.80% over the previous month in June, below May's 0.90% increase.
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