The labour market in July 2020

Summary

The unemployment rate decreased in July or from 9,5% in June to 8,8% in July. This is due to reduced unemployment among those with reduced part-time unemployment from 2,1% in June to 0,9% in July. The general unemployment was up to 7,9% in July from 7,5% in June.

There were on average 15.702 unemployed in July, (7,9% general unemployment) in addition to 1.894 part-time unemployed (0,9% part-time unemployment) in July 2020.

Unemployment by gender:

The total unemployment by men in July was 8,7% and 9,0% for women, or down from 9,7% for men in June and down from 9,3% for women in June 2020.

The unemployment by young people:

There were 1.907 young, aged 18-24 years unemployed in July 2020, i.e. general unemployment (excluding part-time employment) or down from 1.963 in June 2020.

The long term unemployed:

There were 2.854 long term unemployed (over 1 year) in July 2020 (excluding part-time employment), up from 2.700 in June 2020.

Open vacancies:

There were 144 new incoming open vacancies in July 2020, down from 244 new incoming open vacancies in June 2020.

Foreign workers:

There were in total 200 work permits (all types of work permit) issued in July 2020, down from 244 in June 2020. There were 19 foreign service companies registered to Directorate of Labour in July 2020. These foreign service companies employed 104 workers in July 2020.

There were 21 temporary-work agencies registered to Directorate of Labour in July 2020.

These temporary-work agencies hired out 479 workers in July 2020.

The unemployment forecast for
August 2020:

It is expected that the unemployment in august 2020 will increase and be between 8,8% and 9,1%.

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