The Icelandic labour market in June 2024
Summary
The unemployment rate in June was 3,1%, down from 3,4% in May.
There were on average 6.722 unemployed persons in June 2024.
Unemployment by gender:
The unemployment rate for men in June was 3,1%, down from 3,4% in May. The unemployment rate for women was 3,2% in June, down from 3,4% in May.
Unemployment among young adults:
There were 655 young adults, aged 18-24 years unemployed in June 2024, down from 714 in May.
Long-term unemployment
There were 1.272 long-term unemployed (unemployed longer than 12 months) at the end of June 2024. In May there were 1.286 long-term unemployed.
Foreign workers:
There were 173 work permits issued in June 2024.
There were 50 foreign service companies registered at The Directorate of Labour in June 2024, posting 306 workers.
There were 18 temporary work agencies registered at The Directorate of Labour in June 2024, with
524 workers.
Forecast for July 2024:
It is expected that the unemployment rate will be between 3,0% and 3,2% in July.
