Denmark Labour Costs - Forecast

Labour Costs in Denmark is expected to be 108.72 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 109.32 in 12 months time. In the long-term, the Denmark Labour Costs is projected to trend around 110.19 Index Points in 2020, according to our econometric models.


Denmark Labour Costs
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Denmark Labour Last Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 4 4.4 4.6 4.6 4.7 5.1
Employed Persons 2750 2764 2764 2758 2768 2766
Unemployed Persons 109305 106896 105511 104444 103621 101067
Long Term Unemployment Rate 1.2 1.15 1.15 1.12 1.11 1.1
Youth Unemployment Rate 10.1 10.14 10.34 10.27 10.31 10.3
Productivity 128 126 127 127 127 127
Labour Costs 108 109 109 109 109 110
Wages 40102 41151 41151 41800 41010 42200
Wages in Manufacturing 138 140 143 145 143 155
Population 5.78 5.78 5.78 5.82 5.82 5.87
Retirement Age Women 65 65 65 65 65 65
Retirement Age Men 65 65 65 65 65 65
Job Vacancies 32598 32838 30643 32869 34716 31696
Labor Force Participation Rate 69.1 69.18 69.19 69.19 69.19 69.19
Part Time Employment 700 691 693 696 698 695
Employment Change 0.5 0.44 0.44 0.46 0.44 0.45
Employment Rate 65.5 65.6 65.61 65.62 65.62 65.62
Full Time Employment 2048 2096 2088 2068 2074 2089