Employment Rate in Iceland decreased to 71.80 percent in March from 72.10 percent in February of 2021. source: Statistics Iceland

Employment Rate in Iceland averaged 76.22 percent from 2003 until 2021, reaching an all time high of 80.60 percent in March of 2017 and a record low of 68.20 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 May of 2021.

Employment Rate in Iceland is expected to be 78.30 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 78.50 in 12 months time. In the long-term, the Iceland Employment Rate is projected to trend around 78.50 percent in 2022 and 79.00 percent in 2023, according to our econometric models.

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Iceland Employment Rate

Actual Previous Highest Lowest Dates Unit Frequency
71.80 72.10 80.60 68.20 2003 - 2021 percent Monthly
SA

Iceland Labour Last Previous Highest Lowest Unit
Unemployment Rate 8.30 6.40 9.80 0.10 percent [+]
Employed Persons 188900.00 189600.00 198300.00 136600.00 [+]
Unemployed Persons 17000.00 13100.00 18100.00 100.00 [+]
Labor Force Participation Rate 78.10 78.20 83.30 74.00 percent [+]
Long Term Unemployment Rate 0.30 0.50 1.70 0.10 percent [+]
Youth Unemployment Rate 15.90 15.90 28.50 1.80 percent [+]
Job Vacancies 1583.00 343.00 1912.00 47.00 [+]
Wages 695000.00 674000.00 695000.00 380000.00 ISK/Month [+]
Wage Growth 6.00 6.20 11.60 -9.40 percent [+]
Population 0.36 0.36 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 43.20 39.10 47.50 28.00 Thousand [+]
Employment Rate 71.80 72.10 80.60 68.20 percent [+]
Full Time Employment 131.80 152.70 156.20 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.