The unemployment rate in Denmark stood at 3.8 percent in July 2019, unchanged from the previous month. It remained the highest jobless rate since November last year, as the number of unemployed persons fell by 41 to 104.916 thousand. Unemployment Rate in Denmark averaged 4.68 percent from 2007 until 2019, reaching an all time high of 6.20 percent in August of 2010 and a record low of 2.40 percent in May of 2008.
Unemployment Rate in Denmark is expected to be 3.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Denmark to stand at 4.20 in 12 months time. In the long-term, the Denmark Unemployment Rate is projected to trend around 5.10 percent in 2020, according to our econometric models.