The Icelandic labour market in October 2024
Summary
The unemployment rate in October was 3,4%, up from 3,3% in September.
There were on average 7.035 unemployed persons in October 2024.
Unemployment by gender:
The unemployment rate for men in October was 3,4%, up from 3,3% in September. The unemployment rate for women was also 3,4% in October, up from 3,3% in September.
Unemployment among young adults:
There were 793 young adults, aged 18-24 years unemployed in October 2024, up from 733 in September.
Long-term unemployment
There were 1.284 long-term unemployed (unemployed longer than 12 months) at the end of October 2024. In September there were 1.303 long-term unemployed.
Foreign workers:
There were 402 work permits issued in October 2024.
There were 37 foreign service companies registered at The Directorate of Labour in October 2024, posting 238 workers.
There were 19 temporary work agencies registered at The Directorate of Labour in October 2024, with
693 workers.
Forecast for November 2024:
It is expected that the unemployment rate will be between 3,4% and 3,6% in November.
