The Icelandic labour market in September 2023
Summary
The unemployment rate in September was 3,0%, up from 2,9% in August.
There were on average 5.734 unemployed persons in September 2023.
Unemployment by gender:
The unemployment rate for men in September was 3,0%, up from 2,9% in August. The unemployment rate for women was also 3,0% in September, same as in August.
Unemployment among young adults:
There were 551 young adults, aged 18-24 years unemployed in September 2023, up from 525 in August.
Long-term unemployment
There were 1.159 long-term unemployed (unemployed longer than 12 months) at the end of September 2023. In August there were 1.226 long-term unemployed.
Foreign workers:
There were 279 work permits issued in September 2023.
There were 63 foreign service companies registered at The Directorate of Labour in September 2023, posting 489 workers.
There were 23 temporary work agencies registered at The Directorate of Labour in September 2023, with
688 workers.
Forecast for October 2023:
It is expected that the unemployment rate will not change much in October and is predicted to be between 2,9% and 3,2%.
