Unemployment Rate in Iceland increased to 5 percent in February from 3.40 percent in January of 2020.

Unemployment Rate in Iceland averaged 2.47 percent from 1970 until 2020, reaching an all time high of 9.10 percent in April of 2011 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 April of 2020.

Unemployment Rate in Iceland is expected to be 5.50 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 8.30 in 12 months time. In the long-term, the Iceland Unemployment Rate is projected to trend around 7.00 percent in 2021 and 6.00 percent in 2022, according to our econometric models.

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Iceland Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
5.00 3.40 9.10 0.10 1970 - 2020 percent Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2019-12-19 09:00 AM Nov 4.3% 3.6% 3.4%
2020-01-30 09:00 AM Dec 3.9% 4.1% 3.2%
2020-02-27 09:00 AM Jan 3.4% 3.9% 3.8%
2020-03-26 09:00 AM Feb 5% 3.4% 3.4%
2020-04-30 09:00 AM Mar 5% 5.5%
2020-05-28 09:00 AM Apr
2020-06-25 09:00 AM May
2020-07-30 09:00 AM Jun 6.7%


News Stream
Iceland Jobless Rate Falls to 3.4% in January
The seasonally adjusted unemployment rate in Iceland fell to 3.4 percent in January 2020 from 3.9 percent in the previous month, as the number of unemployed decreased by 300 to 7,000 while employment increased by 500 to 202,700. The activity rate went up to 81 percent from 80.7 percent in December and the employment rate rose to 78 percent from 77.6 percent.
2020-02-27
Iceland Jobless Rate Falls to 3.9% in December
The seasonally adjusted unemployment rate in Iceland declined to 3.9 percent in December of 2019 from a downwardly revised 4.1 percent in the previous month, as the number of unemployed people rose by 200 to 7,300 while employment increased by 4,000 to 202,200. The activity rate increased to 80.7 percent from 80.5 in November and the employment rate went up to 77.6 percent from 77.4 percent.
2020-01-30
Iceland Jobless Rate Rises to 4.3%
The seasonally adjusted unemployment rate in Iceland rose to 4.3 percent in November of 2019 from 3.6 percent in the previous month, as the number of unemployed people increased by 800 to 8,200 while employment fell by 3,900 to 197,900. The activity rate went down to 79.4 percent from 82.0 in October and the employment rate declined to 72.7 percent from 78.3 percent.
2019-12-19
Iceland Jobless Rate Falls to 3.6%
The seasonally adjusted unemployment rate in Iceland fell to 3.6 percent in October 2019 from 3.7 percent in the previous month. The number of employed people rose by 2,600 to 201,800 while unemployed increased by 300 to 7,400. Meantime, the activity rate went up to 82 percent from 81.5 percent in September and the employment rate advanced to 78.3 percent from 77.6 percent.
2019-11-28

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.