An overview of the Danish Job Market during 2020

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Despite a turbulent 2020 for the Danish job market, total labor demand only fell by 3% compared to 2019. With the number of job postings staying steadily above 2019-levels throughout the fall, we can enter 2021 on a somewhat high note with best wishes for continuing recovery.

The Danish job market saw a drastic fall in labor demand following the national lock down in the spring. However, the job market rebounded in the fall and early winter despite new restrictions. Despite a broad recovery, some industries still struggled for most of 2020, and the industries that boomed in 2020 were not necessarily those in which people had earlier lost their jobs. With enduring restrictions in 2021, challenges still lie ahead, but thankfully the Danish job market entered 2021 stronger than most people expected.

Links

HBS Economics (2021): "Jobmarkedet 2020".

CONTACT

MARIA MILTOFT

MARIA MILTOFT

CONSULTANT, M.SC. (ECONOMICS)