Iceland Jobless Rate Falls to 3-Month Low

2026-10-21 09:15 By Mariene Camarillo 1 min. read

Iceland’s seasonally adjusted unemployment rate fell to 5.7% in September 2026 from a six-month high of 6.8% in the previous month.

This marked the lowest reading since June, as the number of unemployed persons decreased by 2.6 thousand month-on-month to 13.3 thousand.

By gender, the unemployment rate for men dropped sharply by 6.1% to 7.8 thousand, while that of women increased by 5.1% to 5.5 thousand.

Moreover, the youth unemployment rate, which measures job-seekers between 16–24 years old, climbed to 16.1% from a revised 14.4% in August.

Meanwhile, the employment rate rose by 75.0% from 73.8%, with the number of employed individuals rising by 2.1 thousand to 220.7 thousand.

The labor force participation rate ticked up to 79.7% from 79.2%.

On a non-seasonally adjusted basis, the unemployment rate fell by 5.1% in September from 6.0% in the preceding period.



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Iceland Jobless Rate Falls to 3-Month Low
Iceland’s seasonally adjusted unemployment rate fell to 5.7% in September 2026 from a six-month high of 6.8% in the previous month. This marked the lowest reading since June, as the number of unemployed persons decreased by 2.6 thousand month-on-month to 13.3 thousand. By gender, the unemployment rate for men dropped sharply by 6.1% to 7.8 thousand, while that of women increased by 5.1% to 5.5 thousand. Moreover, the youth unemployment rate, which measures job-seekers between 16–24 years old, climbed to 16.1% from a revised 14.4% in August. Meanwhile, the employment rate rose by 75.0% from 73.8%, with the number of employed individuals rising by 2.1 thousand to 220.7 thousand. The labor force participation rate ticked up to 79.7% from 79.2%. On a non-seasonally adjusted basis, the unemployment rate fell by 5.1% in September from 6.0% in the preceding period.
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