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DI: Employment could reach 3 million next year

Employment at Danish businesses continues to rise. The Confederation of Danish Industry expects employment in Denmark to reach 3 million by the end of 2019. Weak exports and a tight labour market could, however, hinder growth.
DI expects the private sector to add 40,000 jobs in 2018 and 27,000 in 2019, bringing total employment up to 2,997,000 by the end of 2019.

Publiceret: 30.05.2018
Af Peter G. H. Madsen mail

Since 2013 Danish firms have added 200,000 jobs, and according to the latest forecast from the Confederation of Danish Industry (DI), growth in employment will continue throughout next year, reaching 3 million for the first time at the end of 2019.

DI expects the private sector to add 40,000 jobs in 2018 and 27,000 in 2019, bringing total employment up to 2,997,000 by the end of 2019 when seasonal fluctuations are taken into account.

“Growth in employment is the central story in the Danish economy these years. It is impressive how Danish businesses have continued to increase hiring month after month for almost six years now, thereby ensuring progress and development throughout the entire country,” says Deputy Director General Kent Damsgaard, DI, and adds:

“The growth in employment is a success for the Danish economy. It is a success for the many thousands of Danes who have found jobs. And it is a success for the Danish businesses that continue to do well in the international competition – despite facing headwinds from the strong Danish krone, which has made exporting slightly more difficult,” says Kent Damsgaard.

Many businesses have difficulty obtaining enough qualified workers.
This is the case throughout the country – and across industries. Kent Damsgaard, Deputy Director General

Disappointing exports

However, if the optimistic forecasts for employment growth are to be realised, it will require that Danish businesses boost international sales.

“After a year-long lull, some months with more growth in exports would be a welcome change if the steady increase in employment is to continue,” says Kent Damsgaard.

According to DI’s forecast, exporting businesses have not had the best start to 2018. Calculated at current prices, there was a decline in exports of goods and services in the first quarter.

The decline in goods exports is cause for concern because it is broadly based and cannot be explained by a major fall in a specific type of good.

At the same time, businesses have difficulty finding the workers they require, notes Kent Damsgaard.

“Many companies have difficulty obtaining enough qualified workers. This is the case throughout the country – and across industries. If growth in Denmark’s economy and Danish businesses is to continue, it is important both that politicians dedicate themselves to ensuring that firms are able to obtain the employees they need and that firms simultaneously step up efforts to create more apprenticeships,” says Kent Damsgaard.

According to DI’s forecast, Denmark’s economy will grow by 1.4% in 2018 and 1.8% in 2019.

Many companies have difficulty obtaining enough qualified workers. This is the case throughout the country – and across industries.
DEPUTY DIRECTOR GENERAL KENT DAMSGAARD, DI
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PUBLISHED: 5/30/2018 LAST MODIFIED: 6/8/2018