Iceland Unemployment Rate

Unemployment Rate in Iceland decreased to 5.80 percent in April of 2013 from 6.30 percent in March of 2013. Unemployment Rate in Iceland is reported by the Statistics Iceland. Historically, from 1970 until 2013, Iceland Unemployment Rate averaged 2.29 Percent reaching an all time high of 9.20 Percent in September of 2010 and a record low of 0.10 Percent in August of 1972. In Iceland, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page includes a chart with historical data for Iceland Unemployment Rate.

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Iceland Unemployment Rate
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Unemployment Rate | Notes

The unemployment rate can be defined as the number of people actively looking for a job divided by the labour force. Changes in unemployment depend mostly on inflows made up of non-employed people starting to look for jobs, of employed people who lose their jobs and look for new ones and of people who stop looking for employment.






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