The Icelandic labour market in February 2024
Summary
The unemployment rate in February was 3,9%, up from 3,8% in January.
There were on average 7.589 unemployed persons in February 2024.
Unemployment by gender:
The unemployment rate for men in February was 3,9%, up from 3,8% in January. The unemployment rate for women was 3,8% in February, up from 3,7% in January.
Unemployment among young adults:
There were 872 young adults, aged 18-24 years unemployed in February 2024, up from 825 in January.
Long-term unemployment
There were 1.242 long-term unemployed (unemployed longer than 12 months) at the end of February 2024. In January there were 1.195 long-term unemployed.
Foreign workers:
There were 322 work permits issued in February 2024.
There were 46 foreign service companies registered at The Directorate of Labour in February 2024, posting 331 workers.
There were 19 temporary work agencies registered at The Directorate of Labour in February 2024, with
481 workers.
Forecast for March 2024:
It is expected that the unemployment rate will be between 3,7% and 3,9% in March.
