The Icelandic labour market in November 2024
Summary
The unemployment rate in November was 3,7%, up from 3,4% in October.
There were on average 7.604 unemployed persons in November 2024.
Unemployment by gender:
The unemployment rate for men in November was 3,7%, up from 3,4% in October. The unemployment rate for women was also 3,7% in November, up from 3,4% in October.
Unemployment among young adults:
There were 871 young adults, aged 18-24 years unemployed in November 2024, up from 793 in October.
Long-term unemployment
There were 1.321 long-term unemployed (unemployed longer than 12 months) at the end of November 2024. In October there were 1.284 long-term unemployed.
Foreign workers:
There were 259 work permits issued in November 2024.
There were 42 foreign service companies registered at The Directorate of Labour in November 2024, posting 206 workers.
There were 18 temporary work agencies registered at The Directorate of Labour in November 2024, with
652 workers.
Forecast for December 2024:
It is expected that the unemployment rate will be between 3,8% and 4,0% in December.
