Iceland Unemployment Rate  1970-2017 | Data | Chart | Calendar | Forecast

The seasonally adjusted unemployment rate in Iceland decreased to 2.5 percent in June of 2017 from a downwardly revised 2.8 percent rise in the previous month. The number of unemployed fell by 600 to 5,000. Meantime, the number of employed decreased by 400 to 192,600 while the labour force went down by 1,000 to 197,600. As a result, the employment rate fell to 80.5 percent from 80.7 percent and the activity rate also declined to 82.6 percent from 83 percent. A year earlier, the jobless rate was 2.4 percent. Unemployment Rate in Iceland averaged 2.44 percent from 1970 until 2017, 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.

Iceland Unemployment Rate
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Calendar GMT Actual Previous Consensus Forecast (i)
2017-05-24 09:00 AM Apr 2.3% 1.6% 2.1%
2017-06-22 09:00 AM May 3.2% 2.4% 2.1%
2017-08-10 09:00 AM Jun 2.5% 2.8% 2.9%
2017-08-24 09:00 AM Jul 2.5% 2.8%
2017-09-28 09:00 AM Aug 2.8%
2017-10-26 09:00 AM Sep 2.8%


Iceland Labour Last Previous Highest Lowest Unit
Unemployment Rate 2.50 2.80 9.10 0.10 percent [+]
Employed Persons 192600.00 193000.00 198800.00 136600.00 [+]
Unemployed Persons 5000.00 5600.00 16600.00 100.00 [+]
Labor Force Participation Rate 82.60 83.00 84.70 79.00 percent [+]
Long Term Unemployment Rate 0.50 0.60 1.70 0.10 percent [+]
Youth Unemployment Rate 8.40 5.60 21.30 2.40 percent [+]
Job Vacancies 182.00 222.00 1912.00 73.00 [+]
Wages 553000.00 511000.00 553000.00 380000.00 ISK/Month [+]
Wage Growth 6.00 2.90 11.60 -9.40 percent [+]
Population 0.34 0.33 0.34 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 [+]
Employment Rate 80.50 80.70 83.30 73.50 percent [+]
Full Time Employment 132.50 134.70 145.70 97.00 Thousand [+]
Part Time Employment 47.40 45.60 47.50 28.00 Thousand [+]


Iceland Unemployment Rate Notes

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 August of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
2.50 2.80 9.10 0.10 1970 - 2017 percent Monthly
SA



unemployment rate by Country

Last
Spain 17.22 Jun/17
Brazil 13.00 Jun/17
Italy 11.10 Jun/17
Turkey 10.20 May/17
France 9.50 Jun/17
Euro Area 9.10 Jun/17
Canada 6.30 Jul/17
Australia 5.60 Jul/17
Indonesia 5.33 Mar/17
Russia 5.10 Jul/17
India 4.90 Dec/13
Netherlands 4.80 Jul/17
United Kingdom 4.40 Jun/17
United States 4.30 Jul/17
China 3.95 Jun/17
Germany 3.80 Jun/17
South Korea 3.60 Jul/17
Mexico 3.30 Jun/17
Switzerland 3.00 Jul/17
Japan 2.80 Jun/17