The Icelandic labour market in June 2023


The unemployment rate in June was 2,9%, down from 3,0% in May.

There were on average 5.833 unemployed persons in June 2023.

Unemployment by gender:

The unemployment rate for men in June was 2,8%, down from 3,0% in May. The unemployment rate for women was 3,0% in June, down from 3,1% in May.

Unemployment among young adults:

There were 534 young adults, aged 18-24 years unemployed in June 2023, down from 569 in May.

Long-term unemployment

There were 1.317 long-term unemployed (unemployed longer than 12 months) at the end of June 2023. In May there were 1.465 long-term unemployed.

Foreign workers:

There were 205 work permits issued in June 2023.

There were 51 foreign service companies registered at The Directorate of Labour in June 2023, posting   320 workers.

There were 22 temporary work agencies registered at The Directorate of Labour in June 2023, with

628 workers.

Forecast for July 2023:

It is expected that the unemployment rate will not change much in July and is predicted to be between 2,7% and 2,9%.

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