The labour market in June 2020

Summary

The unemployment rate decreased in June or from 13,0% in May to 9,5% in June. This is mainly because of reduced unemployment among those with reduced part-time unemployment from 5,6% in May to 2,1% in June. The general unemployment was up to 7,5% in June from 7,4% in May.

There were on average 15.059 unemployed in June, (7,5% general unemployment) in addition to 4.188 part-time unemployed (2,1% part-time unemployment) in June 2020.

Unemployment by gender:

The total unemployment by men in June was 9,7% and 9,3% for women, or down from 13,4% for men in May and down from 12,5% for women in May 2020.

The unemployment by young people:

There were 1.963 young, aged 18-24 years unemployed in June 2020, i.e. general unemployment (excluding part-time employment) or down from 2.142 in May 2020.

The long term unemployed:

There were 2.700 long term unemployed (over 1 year) in June 2020 (excluding part-time employment), up from 2.563 in May 2020.

Open vacancies:

There were 244 new incoming open vacancies in June 2020, down from 266 new incoming open vacancies in May 2020.

Foreign workers:

There were in total 115 work permits (all types of work permit) issued in June 2020, up from 79 in May 2020. There were 26 foreign service companies registered to Directorate of Labour in June 2020. These foreign service companies employed 111 workers in June 2020.

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

These temporary-work agencies hired out 417 workers in June 2020.

The unemployment forecast for
July 2020:

It is expected that the unemployment in July 2020 will decrease and be between 8,5% and 8,9%.

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