Iceland’s seasonally adjusted unemployment rate declined to 5.8% in April 2026 from 6.3% in the previous month, marking the lowest level since December 2025. The number of unemployed persons declined by 1,200 from a month earlier to 13,500. By gender, the jobless rate for men slipped to 5.9% from 6.2% in March, while the rate for women eased to 5.7% from 6.4%. The youth unemployment rate, which measures job seekers aged 16 to 24, retreated to 12.7% from a near five-year high of 17.0% in the previous month. Meanwhile, the employment rate remained unchanged at 75.4%, as the number of employed persons increased by 300 to 220,400. The labor force participation rate edged down to 80.0% from 80.5%. On a non-seasonally adjusted basis, the jobless rate inched up to 6.6% in April from 6.4% in March. source: Statistics Iceland
Unemployment Rate in Iceland decreased to 5.80 percent in April from 6.30 percent in March of 2026. Unemployment Rate in Iceland averaged 2.86 percent from 1970 until 2026, reaching an all time high of 10.10 percent in June of 2009 and a record low of 0.10 percent in August of 1972. 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 - data, historical chart, forecasts and calendar of releases - was last updated on May of 2026.
Unemployment Rate in Iceland decreased to 5.80 percent in April from 6.30 percent in March of 2026. Unemployment Rate in Iceland is expected to be 5.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Iceland Unemployment Rate is projected to trend around 4.30 percent in 2027 and 4.00 percent in 2028, according to our econometric models.