The unemployment rate in Denmark stood at 3.7 percent in May 2019, the same as in each of the previous five months and remaining the lowest level since February of 2009, as the number of unemployed persons fell by 510 to 102.460 thousand. Unemployment Rate in Denmark averaged 4.70 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 4.40 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.