The Icelandic labour market in May 2024
Summary
The unemployment rate in May was 3,4%, down from 3,6% in April.
There were on average 7.001 unemployed persons in May 2024.
Unemployment by gender:
The unemployment rate for men in May was 3,4%, down from 3,7% in April. The unemployment rate for women was also 3,4% in May, down from 3,6% in April.
Unemployment among young adults:
There were 714 young adults, aged 18-24 years unemployed in May 2024, down from 775 in April.
Long-term unemployment
There were 1.286 long-term unemployed (unemployed longer than 12 months) at the end of May 2024. In April there were 1.302 long-term unemployed.
Foreign workers:
There were 175 work permits issued in May 2024.
There were 42 foreign service companies registered at The Directorate of Labour in May 2024, posting 290 workers.
There were 17 temporary work agencies registered at The Directorate of Labour in May 2024, with
599 workers.
Forecast for June 2024:
It is expected that the unemployment rate will be between 3,1% and 3,3% in April.
