The Icelandic labour market in October 2023
Summary
The unemployment rate in October was 3,2%, up from 3,0% in September.
There were on average 6.010 unemployed persons in October 2023.
Unemployment by gender:
The unemployment rate for men in October was 3,2%, up from 3,0% in September. The unemployment rate for women was 3,1% in October, up from 3,0% in September.
Unemployment among young adults:
There were 629 young adults, aged 18-24 years unemployed in October 2023, up from 551 in September.
Long-term unemployment
There were 1.137 long-term unemployed (unemployed longer than 12 months) at the end of October 2023. In September there were 1.159 long-term unemployed.
Foreign workers:
There were 323 work permits issued in October 2023.
There were 56 foreign service companies registered at The Directorate of Labour in October 2023, posting 437 workers.
There were 22 temporary work agencies registered at The Directorate of Labour in October 2023, with
734 workers.
Forecast for October 2023:
It is expected that the unemployment rate will be between 3,1% and 3,4% in October.
