Iceland’s seasonally adjusted unemployment rate rose to 6.8% in August 2026, the highest level since February, following an upwardly revised 6.6% in July. The number of unemployed persons increased by 0.7 thousand month-on-month to 15.9 thousand, including 10.9 thousand men and 5.0 thousand women. The youth unemployment rate, which measures job-seekers between 16 and 24 years old, climbed to 14.2% from 6.7%, reaching its highest level since May. Meanwhile, the employment rate edged up to 73.7% from 73.5% in July, with the number of employed individuals rising by 1.2 thousand to 217.8 thousand. The labor force participation rate ticked higher to 79.0% from 78.7%. On a non-seasonally adjusted basis, the unemployment rate rose to 6.0% in August from 5.5% in the previous month. source: Statistics Iceland
Unemployment Rate in Iceland increased to 6.80 percent in August from 6.60 percent in July of 2026. Unemployment Rate in Iceland averaged 2.90 percent from 1970 until 2026, reaching an all time high of 10.30 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 September of 2026.
Unemployment Rate in Iceland increased to 6.80 percent in August from 6.60 percent in July of 2026. Unemployment Rate in Iceland is expected to be 5.70 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 5.00 percent in 2027 and 4.20 percent in 2028, according to our econometric models.