The Danish labor market continues its record run with yet another increase in employment.
In October, the number of employees increased by 3,500. This means that there were 3,072,000 people with an employee job in Denmark. This is shown by figures from Statistics Denmark.
Employment has thus increased for 22 months in a row. In October, it is especially in private companies that more people have been hired. In companies and organizations, the number of employees increased by 2,700 people in October.
In the public sector, the number of employees increased by 800 people. Overall, employment has increased by 39,000 people this year, which corresponds to an increase of 1.3 percent.
The increase has occurred during a period when growth in the pharmaceutical sector has slowed down and export companies have been hit by higher American tariffs. This is pointed out by Tore Stramer, chief economist at Dansk Erhverv.
- The continued increase in employment is very impressive and testifies to the fact that there is currently a broad growth momentum in the Danish economy, he writes in a comment.
Seniors are driving up the numbers
He highlights that there have been particularly more employees in the hotel and restaurant industry as well as in cleaning and in temporary employment agencies.
Recently, the increasing employment has been driven mainly by the fact that more non-Western immigrants have come to work, while more seniors are choosing to work after they have reached retirement age.
Thus, the number of people over the state pension age who have a salaried job passed 100,000 people for the first time in October.
Unemployment is also increasing, although at a somewhat slower pace. In November, the number of unemployed people increased by 500 to 88,600 full-time workers.
The unemployment rate remains unchanged at 2.9 percent of the workforce. While the number of unemployed people on cash benefits has increased by 700 people, 200 fewer people have received unemployment benefits.
/ritzau/
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