Iceland Unemployment Rate  1970-2018 | Data | Chart | Calendar | Forecast

The seasonally adjusted unemployment rate in Iceland fell to 2.3 percent in May of 2018 from 3.5 percent in April. It is the lowest jobless rate in three months as the number of unemployed declined by 2,400 to 4,700 and employment rose by 1,600 to 200,200. The number of people in the labour force was 204,900. This corresponds to an 81.6 percent activity rate which is a 0.7 percentage point decrease from the activity rate in April. Unemployment Rate in Iceland averaged 2.45 percent from 1970 until 2018, reaching an all time high of 8.90 percent in November of 2010 and a record low of 0.10 percent in August of 1972.

Iceland Unemployment Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-04-26 09:00 AM Unemployment Rate 2.5% 2.2% 1.9%
2018-05-24 09:00 AM Unemployment Rate 3.5% 2.6% 3.1%
2018-06-28 09:00 AM Unemployment Rate 2.3% 3.5% 3%
2018-07-26 09:00 AM Unemployment Rate 2.3% 2.7%
2018-08-23 09:00 AM Unemployment Rate 2.8%
2018-09-27 09:00 AM Unemployment Rate 2.6%


Iceland Labour Last Previous Highest Lowest Unit
Unemployment Rate 2.30 3.50 8.90 0.10 percent [+]
Employed Persons 200200.00 198600.00 201300.00 136600.00 [+]
Unemployed Persons 4700.00 7100.00 16200.00 100.00 [+]
Labor Force Participation Rate 81.60 82.30 85.70 77.50 percent [+]
Long Term Unemployment Rate 0.30 0.50 1.70 0.10 percent [+]
Youth Unemployment Rate 7.20 4.90 21.70 2.40 percent [+]
Job Vacancies 143.00 187.00 1912.00 71.00 [+]
Wages 615000.00 555000.00 615000.00 380000.00 ISK/Month [+]
Wage Growth 4.80 4.80 11.60 -9.40 percent [+]
Population 0.35 0.34 0.35 0.17 Million [+]
Retirement Age Women 67.00 67.00 67.00 67.00 [+]
Retirement Age Men 67.00 67.00 67.00 67.00 [+]
Part Time Employment 44.10 45.10 47.50 28.00 Thousand [+]
Full Time Employment 139.40 138.10 148.30 97.00 Thousand [+]
Employment Rate 79.70 79.40 84.20 73.00 percent [+]


Iceland Unemployment Rate

In Iceland, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides the latest reported value for - Iceland Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Iceland Unemployment Rate - actual data, historical chart and calendar of releases - was last updated on July of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.30 3.50 8.90 0.10 1970 - 2018 percent Monthly
SA




unemployment rate by Country
Country Last
Spain 16.74 Mar/18
Brazil 12.70 May/18
Italy 10.70 May/18
Turkey 9.60 Apr/18
France 9.20 Mar/18
Euro Area 8.40 May/18
Canada 6.00 Jun/18
Australia 5.40 Jun/18
Indonesia 5.13 Mar/18
Russia 4.70 Jun/18
United Kingdom 4.20 May/18
United States 4.00 Jun/18
Netherlands 3.90 Jun/18
China 3.89 Mar/18
South Korea 3.70 Jun/18
India 3.52 Dec/17
Germany 3.40 May/18
Mexico 3.20 May/18
Switzerland 2.40 Jun/18
Japan 2.20 May/18


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