The Icelandic labour market in September 2024
Summary
The unemployment rate in September was 3,3%, up from 3,2% in August.
There were on average 6.785 unemployed persons in September 2024.
Unemployment by gender:
The unemployment rate for men in September was 3,3%, up from 3,2% in August. The unemployment rate for women was also 3,3% in September, up from 3,2% in August.
Unemployment among young adults:
There were 733 young adults, aged 18-24 years unemployed in September 2024, up from 689 in August.
Long-term unemployment
There were 1.303 long-term unemployed (unemployed longer than 12 months) at the end of September 2024. In August there were 1.369 long-term unemployed.
Foreign workers:
There were 325 work permits issued in September 2024.
There were 37 foreign service companies registered at The Directorate of Labour in September 2024, posting 258 workers.
There were 18 temporary work agencies registered at The Directorate of Labour in September 2024, with
637 workers.
Forecast for October 2024:
It is expected that the unemployment rate will remain unchanged or increase slightly and be between 3,3% and 3,5% in October.
