Unemployment in Iceland 7.4 Percent in Q4 Skip to content

Unemployment in Iceland 7.4 Percent in Q4

The unemployment rate in Iceland in the last three months of 2010 measured 7.4 percent, up from 6.4 percent in Q3. At the end of last year, around 13,200 people were jobless on average, which is an increase of 1,200 people compared to the same period in 2009.

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During the 2008 protests. Copyright: Icelandic Photo Agency.

According to Statistics Iceland, the unemployment rate was highest among persons aged 16-24, or 15.4 percent. The rate was 6.5 percent for 24-54-year-olds and 3.8 percent for those aged 55-74.

The unemployment rate in the capital region is 8.2 percent and 5.9 percent in other regions.

Of those who are unemployed in the fourth quarter of 2010, 800 had found a job that is set to begin at a later date, or 5.8 percent, compared to 300, or 2.2 percent, in the fourth quarter of 2009.

Those who have been unemployed for 12 months or more are defined as long-term unemployed.

In the fourth quarter of 2010, the number of long-term unemployed people was 3,200 or 24.2 percent of those unemployed. The number has increased from 1,700 persons since the fourth quarter of 2009.

Click here to read more about unemployment in Q3 in 2010.

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