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Unemployment Down Again

The unemployment rate in Iceland in August was 5.8 percent. Although unemployment is up from July, when it stood at 4.7 percent, it is down by 0.4 percent from August 2011 when it measured 6.2 percent.

construction2008_ipaPhoto copyright Icelandic Photo Agency.

In August 2012, the number of employed individuals was 168,000 and the number of unemployed individuals was 10,300.

According to data from Statistics Iceland, the drop in the unemployment rate was higher among men, or 0.7 percent, than among women, 0.1 percent.

In August 2012 the male unemployment rate was 5% compared to 5.7% in August 2011 and the female unemployment rate was 6.7% compared to 6.8% in August 2011.

Click here to read more about the employment market in Iceland.


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