Alarming number of job losses in Denmark
Niels Westergård-Nielsen, Professor at Center for Corporate Governance, CBS, was interviewed by UgebrevetA4 on 18 December 2013 about a recent Danish employment analysis carried out by UgebrevetA4. The analysis shows that nationwide the employment rate has decreased by five percent since 2009. Still, 6 out of 19 industries have experienced job growth and especially the real estate industry and education sector is doing well.
Niels Westergård-Nielsen explains that the crisis has changed the sectors’ growth patterns and this means that traditionally well-performing sectors, like the manufacturing industry, now are facing problems with consumer demand and financing. Niels Westergård-Nielsen emphasizes that several of the industries that are growing are not directly driven by consumer demand, but on the other hand state-financed, among these the educational, health and cultural sectors.
In general the employment number has fallen from 2,817,957 in 2009 to 2,673,552 in 2012 and this concerns Niels Westergård-Nielsen, who thinks that Denmark is doing much worse than many other countries. Our loss of jobs can be compared to Italy, a country that we would usually not compare ourselves to.
Summary. Read the entire article in UgebrevetA4.dk, 18 December, 2013