Employment Rate in Iceland decreased to 75 percent in October from 75.50 percent in September of 2020. source: Statistics Iceland

Employment Rate in Iceland averaged 78.32 percent from 2003 until 2020, reaching an all time high of 82.50 percent in March of 2017 and a record low of 71.50 percent in April of 2020. This page provides - Iceland Employment Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Iceland Employment Rate - values, historical data and charts - was last updated on January of 2021.

Employment Rate in Iceland is expected to be 78.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Employment Rate in Iceland to stand at 78.30 in 12 months time. In the long-term, the Iceland Employment Rate is projected to trend around 78.50 percent in 2021 and 79.00 percent in 2022, according to our econometric models.

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Iceland Employment Rate

Actual Previous Highest Lowest Dates Unit Frequency
75.00 75.50 82.50 71.50 2003 - 2020 percent Monthly
SA

Iceland Labour Last Previous Highest Lowest Unit
Unemployment Rate 7.10 6.80 9.10 0.10 percent [+]
Employed Persons 191600.00 198500.00 206700.00 136600.00 [+]
Unemployed Persons 13600.00 9900.00 16700.00 100.00 [+]
Labor Force Participation Rate 79.70 79.00 85.40 75.60 percent [+]
Long Term Unemployment Rate 0.30 0.50 1.70 0.10 percent [+]
Youth Unemployment Rate 10.50 11.40 27.70 2.70 percent [+]
Job Vacancies 118.00 154.00 1912.00 47.00 [+]
Wages 669000.00 653000.00 669000.00 380000.00 ISK/Month [+]
Wage Growth 3.10 3.20 11.60 -9.40 percent [+]
Population 0.36 0.35 0.36 0.17 Million [+]
Retirement Age Women 67.00 67.00 67.00 67.00 [+]
Retirement Age Men 67.00 67.00 67.00 67.00 [+]
Part Time Employment 39.10 39.60 47.50 28.00 Thousand [+]
Employment Rate 75.00 75.50 82.50 71.50 percent [+]
Full Time Employment 152.70 143.40 156.20 97.00 Thousand [+]


Iceland Employment Rate
In Iceland, the employment rate measures the number of people who have a job as a percentage of the working age population.