The labour market in March 2021

The total unemployment rate decreased from 12,5% in February to 12,1% in March.   The number of unemployed thus decreased by 568 between February 2021 and March 2021. The general unemployment decreased from 11,4% in February to 11,0% in March and the reduced unemployment rate was 1,1% in March or the same as in February.

There were in average 19.856 unemployed in March, (11,0% general unemployment) in addition to 4.186 part-time unemployed (1,1% part-time unemployment) in March 2021.

Unemployment by gender:

The total unemployment by men (general unemployment plus reduced unemployment rate) in March was 12,3% for men and 12,0% for women, or down from 12,6% for men in February 2021 and 12,3% for women in February 2021.

The unemployment by young people:

There were 2.301 young, aged 18-24 years unemployed in March 2021 (general unemployment excluding part-time employment) or down from 2.355 in February 2021.

The long term unemployed:

There were 6.207 long term unemployed (over 1 year) in March 2021 (excluding part-time employment) up from 4.719 in February 2021.

Open vacancies:

There were 1.583 new incoming open vacancies in March 2021 or up from 343 new incoming open vacancies in February 2021. The growth in new incoming jobs is among other things due to labour market measures (Let´s work”) which started in March 2021 where a company with fewer than 70 employees that hires a jobseeker who has been registered as unemployed for at least 12 months receives a grant amounting to a full monthly salary plus a counter – contribution to their pension fund for up to six months.

Foreign workers:

There were 208 work permits (all types of work permit) issued in March 2021 down from 211 issued work permits in February 2021.  There were 21 foreign service companies registered to Directorate of Labour in March 2021.  These foreign service companies employed 84 workers in March 2021.

There were 13 temporary-work agencies registered to Directorate of Labour in March 2021.

These temporary-work agencies hired out 170 workers in March 2021.

The unemployment forecast for
April 2021:

It is expected that the unemployment in April 2021 will reduce and be between 9,8% and 10,2%.

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