Unemployment in Iceland Lowest since 2008 Skip to content

Unemployment in Iceland Lowest since 2008

By Iceland Review

At 3.9 percent the unemployment rate in Iceland is the lowest since November 2008 and dropped 0.4 percent between May and June 2013.

construction2008_ipaPhoto copyright Icelandic Photo Agency.

The latest figures from the Directorate of Labor show a 0.9 percent year-over-year decrease, ruv.is reports.

In related news, Landsbanki reports that sales with domestic credit and debit cards decreased by 2.3 percent, indicating a drop in the rate of consumption. Meanwhile, sales with foreign credit and debit cards increased by 12.4 percent.


Sign up for our weekly newsletter

Get news from Iceland, photos, and in-depth stories delivered to your inbox every week!

* indicates required

Subscribe to Iceland Review

In-depth stories and high-quality photography showcasing life in Iceland!