Iceland's seasonally adjusted unemployment rate fell to 5.8 percent in May of 2021 from 8.6 percent in the prior month. It was the lowest jobless rate since last September, as the number of unemployed persons declined by 5,900 to an eight-month low of 11,900 and the number of employed increased by 500 to 190,300. The employment rate edged up by 0.1 percentage points to 72.2 percent while the labor force participation rate declined by 1 percentage point to 77.9 percent. source: Statistics Iceland
Unemployment Rate in Iceland averaged 2.73 percent from 1970 until 2021, reaching an all time high of 9.80 percent in May 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 July of 2021.
Unemployment Rate in Iceland is expected to be 6.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Iceland to stand at 6.60 in 12 months time. In the long-term, the Iceland Unemployment Rate is projected to trend around 6.30 percent in 2022 and 5.10 percent in 2023, according to our econometric models.