Denmark Jobless Rate Stable In July

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Thursday, the Statistics Denmark announced that the seasonally adjusted jobless rate stood at 3.7% in July, unchanged from the previous month. The Jobless rate in June month was revised from 3.8% reported initially. Economists were looking for the rate of 4%.

The jobless rate was 3.5% and 3.3%, respectively in May and April. The unemployment rate remained stable in July, the first time since June 2008, the statistical office said.

On an unadjusted basis, the jobless rate stood at 3.2% in July, up from 1.4% seen in the previous year.

Thursday, the Statistics Denmark announced that the seasonally adjusted jobless rate stood at 3.7% in July, unchanged from the previous month. The Jobless rate in June month was revised from 3.8% reported initially. Economists were looking for the rate of 4%. (Market News Provided by RTTNews)