Unemployment Rate in Iceland Continues to Increase Skip to content

Unemployment Rate in Iceland Continues to Increase

A total of 15,000 people were registered as unemployed at the end of November, of whom 2,500 were partly employed, as stated on the website of the Icelandic Confederation of Labor (ASÍ). The unemployment rate was eight percent last month.

Copyright: Icelandic Photo Agency.

This is an increase of 0.4 percent between months. The unemployment rate was 3.3 in November 2008.

More men than women are unemployed, 8.5 percent compared to 7.3 percent. Around half of those who are unemployed only have primary education, ruv.is reports.

The unemployment rate is highest in the Sudurnes region on Reykjanes peninsula in southwest Iceland, where it was registered as 13 percent in November.

The number of people who have been without a job longer than one year rose from 1,700 to 2,500 last month.

The situation will continue to worsen until the unemployment rate peaks shortly after the new year, ASÍ predicts.

Click here to read more about unemployment in Iceland.

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