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Historic job losses: 73.000 jobs in april

Large parts of the Danish labour market experienced a shutdown in april, and it can be read in the figures for how many employees there had to say goodbye to their jobs.

According to figures from Statistics Denmark disappeared there the equivalent of 73.000 full-time jobs. Statistics denmark reports that the numbers are affected by unusually high uncertainty due to corona-the situation.

the Decline in april is thus more than five times as large as any month during the financial crisis.

If you put the numbers from march on top, is the equivalent of 93.000 full-time jobs disappeared.

And to top the 93.000 comes so the employees who have lost their jobs, but which have been sent home and signed up for the scheme of salary compensation.

Salary is one of the schemes which the government have put in place to minimize the number of layoffs. In broad terms, the state pays the bulk of the salary, if the companies simply send the staff home and not firing him.

the Scheme is temporary and will expire after august, after which the companies must decide how many of the returnees, who must return to work.

Some companies have already taken the decisions in may or June.

chief Economist of the industry association Dansk Erhverv Tore Stramer call the fall of 'frankly appalling reading'

- We have never previously seen such a huge decline in employment in only two months of statistics life since 2008, he writes in an analysis of the figures.

- For comparison, employment decreased by approximately 13.500 people per month in both march and april 2009, when the financial crisis was at its peak.

Also the Workers ' Landsbanks chief economist, Jeppe Juul Borre, using the financial crisis to describe how unusual many jobs, there are smoked in march and april.

- It was the financial crisis more than a year to realize, which enables a very precise view on the coronakrisens uncanny strength, he writes in his analysis of the numbers.

the Deputy director in the second of the major business organizations in Denmark, Danish Industry, Steen Nielsen, sees signs of recovery.

- We can see from the daily unemployment rates in may and June month is a little more time in the labour market, he says.

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