Unemployment 7.6 Percent in Iceland in 2010 Skip to content

Unemployment 7.6 Percent in Iceland in 2010

The average unemployment rate in Iceland in 2010 was 7.6 percent. There were 180,900 workers in the labor market last year, 13,700 of whom were seeking employment.

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Copyright: Icelandic Photo Agency.

Since Statistics Iceland first measured unemployment in 1991, the annual unemployment rate has never been higher, visir.is reports.

The number of unemployed was only slightly higher in 2010 than in 2009 but increased by 8,200 since 2008.

In 2010, unemployment measured 9.5 percent in Reykjavík, 7.5 percent in the capital’s vicinity and 5.5 percent outside the capital region.

Of those who were unemployed in 2010, 2,800 had been unemployed for one to two months or 20.8 percent of all unemployed compared with 3,700 (28.3 percent) in 2009.

The number of long-term unemployed (12 months or longer) was 2,800 (20.3 percent) in 2010 compared with 900 (6.8 percent) in 2009.

The average actual working hours per week were 39.9 hours, 44.7 hours for full-time employed and 23.3 for part-time employed. Males worked 43.4 hours and females worked 34.7 hours.

Click here to read more about unemployment in Iceland.

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