Denmark Labour Costs  Forecast


Denmark Labour Costs
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Labour Costs in Denmark is expected to be 106.68 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labour Costs in Denmark to stand at 106.41 in 12 months time. In the long-term, the Denmark Labour Costs is projected to trend around 105.43 Index Points in 2020, according to our econometric models.


Denmark Labour Last Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 4.3 4.5 4.5 4.6 4.7 5
Employed Persons 2759 2730 2729 2731 2729 2711
Unemployed Persons 114541 130085 130085 130085 130085 130085
Long Term Unemployment Rate 1.1 1.17 1.2 1.2 1.21 1.3
Youth Unemployment Rate 9.6 9.87 9.9 9.94 9.98 10.25
Productivity 126 126 126 126 126 125
Labour Costs 107 107 107 107 106 105
Wages 39575 39460 39640 39819 39998 39855
Wages in Manufacturing 137 138 138 138 138 137
Population 5.75 5.8 5.8 5.8 5.8 5.89
Retirement Age Women 65 65 65 65 65 65
Retirement Age Men 65 65 65 65 65 65
Job Vacancies 35026 31510 32710 31665 30704 30155
Labor Force Participation Rate 68.8 68.86 68.93 68.99 69.05 69.45
Part Time Employment 710 704 702 701 700 688
Employment Change 0.4 0.25 0.23 0.22 0.2 0.13
Employment Rate 65 65.07 65.13 65.18 65.24 65.6
Full Time Employment 2019 2020 2028 2037 2034 2040