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Unemployment continues to drop

By Iceland Review

Unemployment in Iceland measured 1.2 percent in August, which is a substantial drop both from the previous month and from the same time last year. Unemployment is likely to drop even further in September, Morgunbladid online reports.

Just short of 45,000 unemployment days were recorded in Iceland in August, which is equivalent to an average of 1,950 people being registered as unemployed. This is an 11 percent decrease from July, and 31 percent decrease from August last year, when unemployment measured 1.8 percent.

Many employers report serious difficulties in finding staff, and some are offering current employees handsome bonuses if they bring in additional workers. This trend is most evident in supermarkets and traditional nursing or care professions.

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