Unemployment Rate Drops in Iceland Skip to content

Unemployment Rate Drops in Iceland

In the third quarter of 2011, 10,700 people on average were unemployed in Iceland, which is 5.9 percent of the workforce, according to Statistics Iceland. Unemployment measured 5.6 percent among men and 6.2 percent among women.

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Copyright: Icelandic Photo Agency.

From the third quarter of 2010 to the second quarter of 2011, the number of unemployed workers dropped by approximately 1,000, visir.is reports.

In other financial news, the Íslandsbanki research department predicts the annual inflation to decrease from 5.7 to 5.4 percent this month. If this happens, it would be the first time since January 2011 that inflation in Iceland drops between months.

Meanwhile, the Icelandic state’s CDS is decreasing. On October 4 it had increased to 330 points but was at 279 points yesterday. Iceland has the seventh highest CDS among western European states visir.is reports.

However, at the same time last year, Iceland’s CDS was at 343 points and the fourth highest among western European states.

ESA

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