Unemployment in Iceland at One Percent in April Skip to content

Unemployment in Iceland at One Percent in April

According to new statistics, the unemployment rate for April 2008 in Iceland is one percent, meaning that 1,717 people on average were out of a job. This is an almost two-percent increase from March when 43 fewer people were unemployed.

The webpage of Iceland’s Directorate of Labor states that unemployment rates in April this year are about eight percent lower than during the same month in 2007 when it was 1.1 percent.

Unemployment in the capital region was 0.8 percent and 1.4 percent in the countryside and more women than men are out of work, 1.3 percent and 0.9 percent, respectively.

The Directorate of Labor predicts lower unemployment in May, which usually happens at that time of year. Last year unemployment decreased by 5.7 percent between April and May.

In January 2008 the Directorate of Labor stated that unemployment might decrease considerably in the fall.

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