The seasonally adjusted unemployment rate in Iceland fell to 3.1 percent in July 2019 from 3.3 percent in the previous month, as the number of unemployed people decreased by 300 to 6,500 while employment rose by 600 to 201,300. The activity rate went down to 81.2 percent from 81.4 in June and the employment rate was unchanged at 78.7 percent. Unemployment Rate in Iceland averaged 2.45 percent from 1970 until 2019, reaching an all time high of 9.10 percent in April of 2011 and a record low of 0.10 percent in August of 1972.

Unemployment Rate in Iceland is expected to be 2.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Iceland to stand at 3.20 in 12 months time. In the long-term, the Iceland Unemployment Rate is projected to trend around 3.00 percent in 2020, according to our econometric models.

Iceland Unemployment Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-05-23 09:00 AM Unemployment Rate Apr 2.9% 2.8% 3.4%
2019-06-27 09:00 AM Unemployment Rate May 4.7% 3.2% 2.2%
2019-08-08 09:00 AM Unemployment Rate Jun 3.3% 4.8% 4.4%
2019-08-22 09:00 AM Unemployment Rate Jul 3.1% 3.3% 3.8%
2019-09-26 09:00 AM Unemployment Rate Aug 3.1% 3.3%
2019-10-24 09:00 AM Unemployment Rate Sep 2.1%
2019-11-28 09:00 AM Unemployment Rate Oct 3%


Iceland Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.10 3.30 9.10 0.10 percent [+]
Employed Persons 201300.00 200700.00 203600.00 136600.00 [+]
Unemployed Persons 6500.00 6800.00 16700.00 100.00 [+]
Labor Force Participation Rate 81.20 81.40 84.90 77.70 percent [+]
Long Term Unemployment Rate 0.30 0.50 1.70 0.10 percent [+]
Youth Unemployment Rate 7.40 6.20 21.60 2.60 percent [+]
Job Vacancies 119.00 133.00 1912.00 47.00 [+]
Wages 652000.00 613000.00 652000.00 380000.00 ISK/Month [+]
Wage Growth 1.10 0.90 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 44.80 44.60 47.50 28.00 Thousand [+]
Full Time Employment 143.90 144.40 155.20 97.00 Thousand [+]
Employment Rate 78.70 78.70 82.90 73.20 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 September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3.10 3.30 9.10 0.10 1970 - 2019 percent Monthly
SA




Country Last Previous
South Africa 29.00 Jun/19
Spain 14.02 Jun/19
Turkey 13.00 Jun/19
Brazil 11.80 Jul/19
Argentina 10.60 Jun/19
Italy 9.90 Jul/19
France 8.50 Jun/19
Euro Area 7.50 Jul/19
India 6.00 Dec/18
Canada 5.70 Aug/19
Saudi Arabia 5.60 Jun/19
Australia 5.30 Aug/19
Indonesia 5.01 Mar/19
Russia 4.30 Aug/19
United Kingdom 3.80 Jul/19
Mexico 3.70 Jul/19
United States 3.70 Aug/19
China 3.61 Jun/19
Netherlands 3.50 Aug/19
South Korea 3.10 Aug/19
Germany 3.00 Jul/19
Japan 2.20 Jul/19
Singapore 2.20 Jun/19
Switzerland 2.10 Aug/19


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