Iceland Unemployment Rate  Forecast


Unemployment Rate in Iceland is expected to be 2.80 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 2.90 in 12 months time. In the long-term, the Iceland Unemployment Rate is projected to trend around 4.00 percent in 2020, according to our econometric models.


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Iceland Labour Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 2.7 2.8 3.2 3.4 2.9 4
Employed Persons 191200 190848 190719 190594 190469 189365
Unemployed Persons 5300 4880 4874 4867 4860 4806
Labor Force Participation Rate 82 81.94 81.93 81.93 81.93 81.93
Long Term Unemployment Rate 0.5 0.51 0.51 0.51 0.51 0.53
Youth Unemployment Rate 8.4 7.57 7.76 7.98 8.16 9.09
Job Vacancies 208 261 322 367 394 433
Wages 553000 576885 581848 586810 591773 588699
Wage Growth 6 5.37 4.88 4.46 4.09 2.26
Population 0.34 0.34 0.34 0.34 0.34 0.36
Retirement Age Women 67 67 67 67 67 67
Retirement Age Men 67 67 67 67 67 67
Employment Rate 79.8 81.5 79.6 79.48 79.38 80.4
Full Time Employment 132 134 133 139 140 133
Part Time Employment 47.4 44.26 45.68 41.64 40.04 41.68