Iceland’s seasonally adjusted unemployment rate rose to 4.6 percent in December of 2021 from an upwardly revised 4.3 percent in the previous month. The number of unemployed persons increased by 700 to 9,800 and the number of employed decreased by 3,600 to 201,200. The employment rate declined by 1.1 percent points to 75.5 percent while the labor force participation rate fell by 0.9 percent points to 79.2. source: Statistics Iceland

Unemployment Rate in Iceland averaged 2.76 percent from 1970 until 2021, reaching an all time high of 9.70 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 January of 2022.

Unemployment Rate in Iceland is expected to be 4.50 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.

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Iceland Unemployment Rate


Iceland Unemployment Rate
In Iceland, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.
Actual Previous Highest Lowest Dates Unit Frequency
4.60 4.30 9.70 0.10 1970 - 2021 percent Monthly
SA

Calendar GMT Actual Previous Consensus TEForecast
2021-12-22 09:00 AM Nov 4.2% 5.8% 6.2%
2022-01-27 09:00 AM Dec 4.6% 4.3% 4.6%
2022-02-24 09:00 AM Jan 4.6%


Related Last Previous Unit Reference
Unemployment Rate 4.60 4.30 percent Dec/21
Employed Persons 201200.00 204800.00 Dec/21
Unemployed Persons 9800.00 9100.00 Dec/21
Labor Force Participation Rate 79.20 80.10 percent Dec/21
Youth Unemployment Rate 7.00 3.70 percent Sep/21
Wages 731000.00 695000.00 ISK/Month Dec/20
Wage Growth 3.30 3.40 percent Sep/21
Employment Rate 75.50 76.60 percent Dec/21


News Stream
Iceland Jobless Rate Rises to 4.6% in December
Iceland’s seasonally adjusted unemployment rate rose to 4.6 percent in December of 2021 from an upwardly revised 4.3 percent in the previous month. The number of unemployed persons increased by 700 to 9,800 and the number of employed decreased by 3,600 to 201,200. The employment rate declined by 1.1 percent points to 75.5 percent while the labor force participation rate fell by 0.9 percent points to 79.2.
2022-01-27
Iceland Jobless Rate Falls to 4.2% in November
Iceland’s seasonally adjusted unemployment rate fell to 4.2 percent in November of 2021 from 5.8 percent in the previous month. The number of unemployed persons decreased by 2,900 to 9,285 and the number of employed increased by 3,100 to 205100. The employment rate edged up by 1.2 percent to 76.7 percent while the labor force participation rate inched up by 0.1 percent to 80.1.
2021-12-22
Iceland Jobless Rate at 6-Month High
Iceland's seasonally adjusted unemployment rate rose to 5.8 percent in October of 2021 from 3.5 percent in the prior month. It was the highest jobless rate since April 2021, as the number of unemployed persons increased by 4,900 to a six-month high of 12,200 and the number of employed decreased by 200 to 200,900. The employment rate edged down by 0.2 percentage points to 75.5 percent while the labor force participation rate inched down by 0.1 percentage points to 79.2 percent.
2021-11-25