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Danish Unemployment Hits 14 Year-Low, Defying Signs of Cooldown

Commuters at Central railway station in Copenhagen, Denmark.

Commuters at Central railway station in Copenhagen, Denmark.

Photographer: Carsten Snejbjerg/Bloomberg

Denmark’s unemployment rate fell to the lowest level in almost 14 years in a signal the Nordic nation’s labor market remains resilient to surging inflation and the fallout from the war in Ukraine.

The gross unemployment rate dropped to 2.4% in April, the lowest since June 2008, according to Statistics Denmark. The latest drop means only 70,000 people remain jobless, less than half of the about 150,000 unemployed shortly after the pandemic lockdown was introduced in the spring of 2020.