(Bloomberg) -- Denmark’s May unemployment rate rose to the highest level since the end of 2012 as the coronavirus lockdown wiped out jobs across the Nordic economy.
The gross rate rose to 5.6% from 5.4% in April, Statistics Denmark said in a statement on Tuesday.
The Copenhagen-based agency also said the Danish economy contracted 2% compared with the last three months of 2019, less than previously calculated.
The agency revised its latest estimate of a drop of 2.1%. Measured against the first quarter of last year, GDP fell 0.2% compared with a previously reported 0.3% decline.
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