There are many ways to take the temperature of the labor market. One of them is to keep an eye on the number of job advertisements. Dansk Jobindex’ jobometer for January gives an indication that things are stabilizing.
Seasonally adjusted, there were 28,200 new job advertisements in January. In January 2020, by comparison, there were 24,100 job advertisements. So the job market is still above the level before the corona crisis. But the number of job advertisements has fallen to a level where employers should be able to fill their positions and there is no longer a shortage of labour, except in selected areas such as IT and engineering positions, writes Jobindex in a press release.
Decrease of 15 percent
Compared to a year ago, there are 15 percent fewer job advertisements. White-collar positions have fallen by 17 percent, while public positions have only fallen by 11 percent. Sales and Communication have fallen by as much as 27 percent. This may indicate that employers are cautious and do not initiate new activities, and therefore demand fewer salespeople.
Compared to before the corona crisis three years ago, the number of job advertisements has, however, increased strongly. Compared to January 2020, Industry and Handicrafts have progressed a full 43 percent, while Engineering and Technology, Trade and Service and Education have all progressed around 20-30 percent. Only Sales and Communication have gone back 14 percent compared to January 2020.
Decreased three percent since 2008
Compared to January 2008 in the time before the financial crisis, the number of IT positions has only decreased by three percent, while the number of teaching positions has decreased by nine percent and the number of social and health positions has decreased by six percent. Conversely, the number of positions within industry and crafts has fallen by 24 per cent, sales and communication by 33 per cent and trade and service has fallen by as much as 38 per cent. So, in the long term, there will be more IT positions and public positions, while there will be fewer skilled and unskilled positions within industry and craft, trade and service.
The Fehmarn project is pulling
Both within construction engineering and building and construction, the number of job advertisements has increased within the last three years. Lolland and Guldborgsund municipalities’ “advanced job center” at the Femern Project, the Femern Agency, is also upgrading and is currently looking for a new recruitment consultant, so that the Femern Project is still an employment engine in South Zealand and Lolland-Falster.
