Unemployment in Denmark

Denmark Unemployment | Economic News & Forecasts

Denmark - Unemployment

Growth slowed in the first quarter due to a weaker external sector and a contraction in public spending. However, private consumption was solid, buoyed by a surge in vehicle sales, and fixed investment rebounded firmly. Turning to Q2, momentum has likely picked up slightly. In April, annual retail sales growth hit a five-month high, which, coupled with a pick-up in annual private sector credit growth, likely propelled domestic demand. Moreover, an extremely tight labor market in April, a solid pick-up in consumer confidence in Q2 and tepid price pressures further suggest the domestic economy will likely drive growth in the second quarter—amid an uncertain external environment. In politics, the Social Democrat Party won parliamentary elections on 5 June. While forming a stable government could be difficult, the impact on growth should be negligible irrespective.

Denmark - Unemployment Data

2013  2014  2015  2016  2017  
Unemployment Rate5.8  5.0  4.6  4.1  4.2  

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Denmark Unemployment Chart

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

Denmark Facts

Bond Yield-0.19-1.54 %Jul 11
Exchange Rate6.64-0.57 %Jul 11
Stock Market1,007-0.39 %Jul 11

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