Iceland’s seasonally adjusted unemployment rate fell to 2.5 percent in April of 2022 from a downwardly revised 4.5 percent in the previous month. It was the lowest jobless rate since December of 2018 as the number of unemployed persons decreased by 4300 to 5,400 and the number of employed increased by 3500 to 207,500. Meanwhile, the employment rate inched down by 0.1 percent points to 76.3 percent while the labour force participation rate fell by 1.7 percent points to 78.3. source: Statistics Iceland
Unemployment Rate in Iceland averaged 2.76 percent from 1970 until 2022, reaching an all time high of 9.80 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 2022.
Unemployment Rate in Iceland is expected to be 4.20 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 2.50 percent in 2023, according to our econometric models.