The labour market in May 2021

The total unemployment rate decreased from 11,5% in April to 10,0% in May.   The general unemployment decreased from 10,4% in April to 9,1% in May and the reduced unemployment rate decreased from 1,1% in April to 0,9% in May.

There were in average 17.035 unemployed in May, (9,1% general unemployment) in addition to 3.441 part-time unemployed (0,9% part-time unemployment) in May 2021.

Unemployment by gender:

The total unemployment (general unemployment plus reduced unemployment rate) in May was 9,8% for men and 10,3% for women, or down from 11,4% for men in April 2021 and 11,6% for women in April 2021.

The unemployment by young people:

There were 1.850 young, aged 18-24 years unemployed in May 2021 (general unemployment) or down from 2.162 in April 2021.

The long term unemployed:

There were 6.430 long term unemployed (over 1 year general unemployment in May2021) down from 6.495 in April 2021.

Open vacancies:

There were 4.018 new incoming open vacancies in May 2021 or up from 1.972 new incoming open vacancies in April 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 124 work permits (all types of work permit) issued in May 2021 down from 176 issued work permits in April 2021.  There were 19 foreign service companies registered to Directorate of Labour in May 2021.  These foreign service companies employed 98 workers in May 2021.

There were 18 temporary-work agencies registered to Directorate of Labour in May 2021.

These temporary-work agencies hired out 312 workers in May 2021.

The unemployment forecast for
June 2021:

It is expected that the unemployment in June 2021 will reduce and be between 7,3% and 7,8%.

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