Unemployment Rate Continues to Drop in Iceland Skip to content

Unemployment Rate Continues to Drop in Iceland

Unemployment is on the decline, the rate measuring 5.6 percent in May, down by one percent from the previous month. The Directorate of Labor expects the jobless rate to decrease even further this month and range from 4.6 to 5.0 percent.

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Construction workers in Iceland. Copyright: The Icelandic Photo Agency.

Almost 10,000 workers in Iceland were registered as unemployed in May, which means that approximately 1,000 previously unemployed individuals have found work since April, ruv.is reports.

The unemployment rate in the capital region is currently 6.3 percent, as opposed to 4.5 percent in other regions. The highest unemployment rate is in the Suðurnes region in the southwest, where 9.4 percent of the workforce is jobless.

The least unemployment is measured in the West Fjords and in northwest Iceland where the rate is 2.0 percent.

Click here to read more about unemployment in Iceland.

ESA

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