Employment Rate in Iceland increased to 75 percent in August from 74.80 percent in July of 2021. source: Statistics Iceland

Employment Rate in Iceland averaged 76.16 percent from 2003 until 2021, reaching an all time high of 80.60 percent in March of 2017 and a record low of 68.40 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 October 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. 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

Iceland Last Unit Reference Previous Highest Lowest
Unemployment Rate 5.10 percent Aug/21 5.10 9.90 0.10
Employed Persons 198700.00 Aug/21 197500.00 198700.00 136600.00
Unemployed Persons 10700.00 Aug/21 10700.00 18300.00 100.00
Labor Force Participation Rate 79.50 percent Aug/21 78.70 83.50 73.70
Youth Unemployment Rate 10.40 percent Jul/21 10.70 28.50 1.80
Wages 731000.00 ISK/Month Dec/20 695000.00 731000.00 380000.00
Wage Growth 3.40 percent Jul/21 3.40 11.60 -9.40
Employment Rate 75.00 percent Aug/21 74.80 80.60 68.40

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.