Danish Employment Hits Record High With 3,900 New Jobs Despite Major Layoffs
Updated
Updated · The Local Denmark · May 21
Danish Employment Hits Record High With 3,900 New Jobs Despite Major Layoffs
2 articles · Updated · The Local Denmark · May 21
Denmark added 3,900 jobs last month, pushing employment to a record high even after recent layoffs at state employers and Novo Nordisk.
Private-sector payrolls rose by 3,300 and public-sector employment by 600, prompting economists to call the labor market surprisingly resilient.
Statistics Denmark also revised February from a 1,100 drop to an 800 gain after late reports came in, removing what had appeared to be the first setback in 17 months.
Danske Bank said companies still expect to hire in coming months, though economists warned that higher energy prices and uncertainty tied to the Iran war could still hit growth later this year.
Why is Denmark’s job market booming while its corporate giant, Novo Nordisk, plans massive layoffs?
With the Iran war choking global energy supplies, how long can Denmark’s economic boom actually last?