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

The seasonally adjusted unemployment rate in Iceland rose to 2.7 percent in August of 2017 from 2.1 percent in the previous month. The number of unemployed increased by 1,300 to 5,300. Meantime, the number of employed went up by only 200 to 191,200 and the workforce grew by 1,400 to 196,400. Thus, the employment rate decreased to 79.8 percent from 79.9 percent and the activity rate increased to 82 percent from 81.6 percent. A year earlier, the jobless rate was 3.1 percent. Unemployment Rate in Iceland averaged 2.44 percent from 1970 until 2017, 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
2017-08-10 09:00 AM Unemployment Rate 2.5% 2.8% 2.9%
2017-08-24 09:00 AM Unemployment Rate 1.8% 2.5% 2.8%
2017-09-28 09:00 AM Unemployment Rate 2.7% 2.1% 2.2%
2017-10-26 09:00 AM Unemployment Rate 2.7% 2.5%
2017-11-23 09:00 AM Unemployment Rate 2.1%
2017-12-21 09:00 AM Unemployment Rate 2.3%


Iceland Labour Last Previous Highest Lowest Unit
Unemployment Rate 2.70 2.10 8.90 0.10 percent [+]
Employed Persons 191200.00 191000.00 198600.00 136600.00 [+]
Unemployed Persons 5300.00 4000.00 16300.00 100.00 [+]
Labor Force Participation Rate 82.00 81.60 85.00 78.70 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 208.00 304.00 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 79.80 79.90 83.60 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

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 October of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
2.70 2.10 8.90 0.10 1970 - 2017 percent Monthly
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unemployment rate by Country

Last
Spain 17.22 Jun/17
Brazil 12.60 Aug/17
Italy 11.20 Aug/17
Turkey 10.70 Jul/17
France 9.50 Jun/17
Euro Area 9.10 Aug/17
Canada 6.20 Sep/17
Australia 5.50 Sep/17
Indonesia 5.33 Mar/17
Russia 5.00 Sep/17
Netherlands 4.70 Sep/17
United Kingdom 4.30 Aug/17
United States 4.20 Sep/17
China 3.95 Jun/17
South Korea 3.70 Sep/17
Germany 3.60 Aug/17
Mexico 3.50 Aug/17
India 3.46 Dec/16
Switzerland 3.00 Sep/17
Japan 2.80 Aug/17