The seasonally adjusted unemployment rate in Iceland rose to 4.5 percent in August of 2022 from 4.1 percent in the previous month, notching a fourth consecutive increase. The number of unemployed persons increased by 900 to 9,700, signalling a further slowdown in the Icelandic economy and offsetting the increase in employment by 1,100 persons to 206,800. In the meantime, the activity rate rose by 0.6 percentage points to 79.5 percent. source: Statistics Iceland
Unemployment Rate in Iceland averaged 2.77 percent from 1970 until 2022, reaching an all time high of 9.80 percent in September of 2010 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 September of 2022.
Unemployment Rate in Iceland is expected to be 4.70 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 5.60 percent in 2023 and 4.00 percent in 2024, according to our econometric models.