Iceland’s seasonally adjusted unemployment rate stood at 5.6% in May 2026, unchanged from the previous month and remaining at its lowest level since December 2025. The number of unemployed persons held steady at 13,100. By gender, the jobless rate for men rose to 6.2% from 5.7% in April, while the rate for women eased to 4.9% from 5.5%. The youth unemployment rate, which measures job seekers aged 16 to 24, edged up to 13.0% from 12.9% in the previous month. Meanwhile, the employment rate increased to 76.5% from 75.5%, as the number of employed persons rose by 1,800 to a five-month high of 222,300. The labor force participation rate climbed to 81.1% from 80.0%. On a non-seasonally adjusted basis, the jobless rate jumped to an over five-year high of 8.3% in May from 6.6% in April. source: Statistics Iceland
Unemployment Rate in Iceland remained unchanged at 5.60 percent in May. Unemployment Rate in Iceland averaged 2.87 percent from 1970 until 2026, reaching an all time high of 10.40 percent in June of 2009 and a record low of 0.10 percent in August of 1972. This page provides the latest reported value for - Iceland Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Iceland Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2026.
Unemployment Rate in Iceland remained unchanged at 5.60 percent in May. Unemployment Rate in Iceland is expected to be 5.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Iceland Unemployment Rate is projected to trend around 4.30 percent in 2027 and 4.00 percent in 2028, according to our econometric models.