Iceland’s seasonally adjusted unemployment rate rose to 3.5 percent in May of 2022 from 2.5 percent in the previous month. The number of unemployed persons increased by 2,300 to 7,600 and the number of employed rose by 3,600 to 209,500. Meanwhile, the employment rate was up by 0.4 points to 78 percent while the labour force participation rate increased by 1.3 points to 80.8 percent. source: Statistics Iceland
Unemployment Rate in Iceland averaged 2.76 percent from 1970 until 2022, reaching an all time high of 9.80 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 July of 2022.
Unemployment Rate in Iceland is expected to be 4.20 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 2.50 percent in 2023, according to our econometric models.