The number of foreign citizens registered unemployed at the Directorate of Labor has risen to 1,270 and, percentage wise, many more foreign citizens than Icelanders have lost their jobs in Iceland since the crisis hit in October 2008.
A construction site in Iceland in 2008. Copyright: Icelandic Photo Agency.
The main reason that Icelanders are preferred to foreign workers is that companies are more eager to hold on to employees who speak Icelandic. Many foreigners in Iceland lack the desired language skills, Morgunbladid reports.
Not all immigrant laborers who lose their jobs are registered unemployed because they simply leave the country without registering at the Directorate of Labor.
Including both foreigners and Icelandic citizens, the current unemployment rate in Iceland is five percent.
Click here to read more about unemployment in Iceland.