Iceland’s seasonally adjusted unemployment rate rose to 3.9% in December 2024, the highest in three months, up from 2.7% in the preceding month. The number of registered unemployed increased by 2,800 from a month earlier to 9,200. In the meantime, the youth unemployment rate, which measures job-seekers between 16 and 24 years old, surged to 13% from 3.5% in the previous period. Meanwhile, the employment rate edged up to 78.2% from 77.5% in November, with the number of employed individuals increasing by 500 to 226,900. The labor force participation rate also increased to 81.4% from 79.6% in November. source: Statistics Iceland
Unemployment Rate in Iceland increased to 3.90 percent in December from 2.70 percent in November of 2024. Unemployment Rate in Iceland averaged 2.80 percent from 1970 until 2024, reaching an all time high of 9.70 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 January of 2025.
Unemployment Rate in Iceland increased to 3.90 percent in December from 2.70 percent in November of 2024. Unemployment Rate in Iceland is expected to be 4.80 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 4.20 percent in 2026, according to our econometric models.