Unemployment in Denmark

Denmark Unemployment | Economic News & Forecasts

Denmark - Unemployment

The economy will have been hammered by lockdown measures in the first quarter, and will likely remain under siege from Covid-19 in the second quarter despite easing restrictions in late April. In March, retail sales plunged at the sharpest rate in nearly five years—boding ill for household spending. Turning to Q2, business confidence plunged to an 11-year low in April, and the manufacturing PMI deteriorated at the sharpest pace since May 2009 in the same month; consequently, business investment will likely contract notably. Moreover, consumer confidence plummeted in April, while the number of unemployment applications skyrocketed in recent months, which should keep household spending depressed in the months ahead. Nevertheless, the government has been gradually lifting lockdown measures and has yet to report a second wave of infections, which should help restore confidence levels.

Denmark - Unemployment Data

2014   2015   2016   2017   2018  
Unemployment Rate5.0  4.5  4.1  4.2  3.7  

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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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