The labour market in January 2021

Summary

The total unemployment rate increased from 12,1% in December to 12,8% in January.   This is mostly due to decreased labour supply on the labour market (less jobs, decreased working time, decreased employment ratio etc).  The increased number of unemployed thus increased by 527 between December 2020 and January 2021 or less than between December 2019 and January 2020 when the number of unemployed increased with 789.  The general unemployment increased from 10,7% in December to 11,6% in January but the reduced unemployment rate reduced from 1,4% in December to 1,2% in January.

There were in average 20.656 unemployed in January, (11,6% general unemployment) in addition to 4.594 part-time unemployed (1,2% part-time unemployment) in January 2021.

Unemployment by gender:

The total unemployment by men (general unemployment plus reduced unemployment rate) in January was 13,0% for men and 12,7% for women, or up from 12,1% for men in December and 12,2% for women in December 2020.

The unemployment by young people:

There were 2.449 young, aged 18-24 years unemployed in January 2021 (general unemployment excluding part-time employment) or up from 2.287 in December 2020.

The long term unemployed:

There were 4.508 long term unemployed (over 1 year) in January 2021 (excluding part-time employment) up from 4.213 in December 2020.

Open vacancies:

There were 314 new incoming open vacancies in January 2021 or up from 118 new incoming open vacancies in December 2020.

Foreign workers:

There were in total 130 work permits (all types of work permit) issued in January 2021 up from 102 issued work permits in December 2020.  There were 11 foreign service companies registered to Directorate of Labour in january 2021.  These foreign service companies employed 43 workers in January 2021.

There were 15 temporary-work agencies registered to Directorate of Labour in January 2021.

These temporary-work agencies hired out 192 workers in January 2021.

The unemployment forecast for
February 2021:

It is expected that the unemployment in February 2021 will reduce and be between 11,4% and 11,6%.

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