Iceland Unemployment Rate - Forecast

Unemployment Rate in Iceland is expected to be 3.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Iceland to stand at 3.20 in 12 months time. In the long-term, the Iceland Unemployment Rate is projected to trend around 3.40 percent in 2020, according to our econometric models.


Forecast Data Chart
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Iceland Labour Last Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 3.7 3.8 3.5 3.2 3.2 3.4
Employed Persons 198700 196726 197715 198261 198641 200533
Unemployed Persons 7700 7174 6483 6794 6707 6723
Labor Force Participation Rate 81.9 81.42 81.58 81.62 81.62 81.61
Long Term Unemployment Rate 0.3 0.58 0.57 0.63 0.69 0.74
Youth Unemployment Rate 13.6 8.26 8.95 9.01 9 9
Job Vacancies 146 152 159 161 161 160
Wages 615000 700000 700000 750000 702504 800000
Wage Growth 3.5 3.54 3.6 3.58 3.58 3.58
Population 0.35 0.35 0.35 0.35 0.35 0.36
Retirement Age Women 67 67 67 67 67 67
Retirement Age Men 67 67 67 67 67 67
Part Time Employment 44.1 38.59 44.22 43.32 37.98 42.92
Full Time Employment 139 148 140 141 150 141
Employment Rate 78.8 79.7 79.6 79.6 79.5 79