Lowest Unemployment Rates in 19 Years Skip to content

Lowest Unemployment Rates in 19 Years

Unemployment in Iceland reached its lowest level in 19 years last month when less than one percent of the workforce was without a job. There were 1336 people registered as unemployed in September, or 0.8 percent of the Icelandic labor force. In August 140 more people had registered as unemployed.

According to a press release from the Directorate of Labor, high demand for workers in the Reykjavík area is the main reason for these low rates of unemployment since October 1988. More women are unemployed than men. 1.2 percent of women are unemployed while only 0.6 percent of men are unemployed.

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