The labour market in December 2020

The total unemployment rate increased slowly from 12,0% in November to 12,1% in December. The general unemployment increased from 10,6% in November to 10,7% in December and the reduced unemployment rate was unchanged from November or 1,4%.

There were in average 20.129 unemployed in December, (10,7% general unemployment) in addition to 5.108 part-time unemployed (1,4% part-time unemployment) in December 2020.

Unemployment by gender:

The total unemployment by men (general unemployment plus reduced unemployment rate) in December was 12,0% for men and 12,2% for women, or up from 11,7% for men in November and 12,2% for women or the same as in November 2020.

The unemployment by young people:

There were 2.287 young, aged 18-24 years unemployed in December 2020 (general unemployment excluding part-time employment) or up from 2.240 in November 2020.

The long term unemployed:

There were 4.213 long term unemployed (over 1 year) in December 2020 (excluding part-time employment) up from 3.919 in November 2020.

Open vacancies:

There were 118 new incoming open vacancies in December 2020 or down from 154 new incoming open vacancies in November 2020.

Foreign workers:

There were in total 102 work permits (all types of work permit) issued in December 2020 down from 168 issued work permits in November 2020. There were 22 foreign service companies registered to Directorate of Labour in December 2020. These foreign service companies employed 172 workers in December 2020.

There were 20 temporary-work agencies registered to Directorate of Labour in December 2020.

These temporary-work agencies hired out 333 workers in December 2020.

The unemployment forecast for
January 2021:

It is expected that the unemployment in January 2021 will increase and be between 11,7% and 12,3%.

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