Iceland Unemployed Persons - Forecast

Unemployed Persons in Iceland is expected to be 5632.26 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployed Persons in Iceland to stand at 5397.53 in 12 months time. In the long-term, the Iceland Unemployed Persons is projected to trend around 5398.89 in 2020, according to our econometric models.


Iceland Unemployed Persons
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Iceland Labour Last Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 2.3 2.8 3 3 3.2 3.4
Employed Persons 200200 201008 201665 202298 202888 206660
Unemployed Persons 4700 5632 5289 5425 5398 5399
Labor Force Participation Rate 81.6 82.21 82.16 82.13 82.11 82.1
Long Term Unemployment Rate 0.3 0.58 0.57 0.63 0.69 0.74
Youth Unemployment Rate 7.2 6.17 6.15 6.16 6.16 6.16
Job Vacancies 143 131 143 149 148 147
Wages 615000 700000 700000 750000 702504 800000
Wage Growth 4.8 4.83 4.83 4.83 4.83 4.83
Population 0.35 0.35 0.35 0.35 0.35 0.36
Retirement Age Women 67 67 67 67 67 67
Retirement Age Men 67 67 67 67 67 67
Part Time Employment 45.1 38.88 44.68 44.66 39.09 43.55
Full Time Employment 138 148 140 141 150 141
Employment Rate 79.7 79.7 79.6 79.6 79.5 79