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.