Lower Unemployment Rate in Iceland Skip to content

Lower Unemployment Rate in Iceland

Registered unemployment in September was 7.1 percent when 11,547 workers were jobless on average. The unemployment rate dropped by 0.2 percent from August, by 549 people on average, according to new statistics from the Directorate of Labor.

smaralind_ps

From the shopping mall Smáralind in Kópavogur. Photo by Páll Stefánsson.

More women than men found employment—the jobless rate is currently 7.2 percent among men and 6.9 percent among women—and the number of unemployed decreased proportionally the most in northeast Iceland, mbl.is reports.

The unemployment rate is 8 percent in the capital region, compared to 5.4 percent in the countryside. The region hardest hit by unemployment is Sudurnes in southwest Iceland where 11.3 percent of the workforce is unemployed. Northwest Iceland has the lowest rate, 2.2 percent.

The Directorate of Labor assumes that unemployment will increase in October because of seasonal fluctuations; in 2009 the rate increased from 7.2 to 7.6 percent between September and October.

A jobless rate of 7.2-7.6 percent is predicted for next month.

Sign up for our weekly newsletter

Get news from Iceland, photos, and in-depth stories delivered to your inbox every week!

* indicates required

Subscribe to Iceland Review

In-depth stories and high-quality photography showcasing life in Iceland!

Share article

Facebook
Twitter