All the regions in the country are experiencing a slowdown in growth and a rise in unemployment, though admittedly it is from a historically low level of unemployment.

-- Quite literally, as a first take on it.

What it is referring to is that in about a year the market has gone from a shortage of labour, ("skrigende på arbejdskraft" as the media put it,) with companies losing orders through a lack of qualified manpower, to a situation where there is actually some unemployment.

just another idea, although 'albeit' can sound a little quaint