Figures show bleak labour market

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Employment fell in the fourth quarter of 2010 by a seasonally adjusted 12,000 according to the latest figures from Statistics Denmark, the second quarter in a row that employment has dropped.

“The drop in employment has slowed after the massive downturn in connection with the major economic crisis, but today’s figures paint a picture of a labour market that is not showing signs of improvement,” says Handelsbanken Chief Economist Jes Asmussen.

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