Iceland Jobless Rate Highest in Over 4 Years

EthereumCraftsman · 2026-02-25T09:25:18+00:00

Iceland's unemployment rate rose to 7.3% in January 2026, the highest since April 2021, with significant increases among men and youth. Employment dropped to 75.7%, while labor participation rose to 81.6%. Non-seasonally adjusted unemployment hit 8.3%.

EthereumCraftsman

2026-02-25 09:25:18

Abstract generation in progress

Iceland’s seasonally adjusted unemployment rate rose by 7.3% in January 2026, following 4.5% in the previous month, marking the highest level since April 2021. The number of unemployed persons increased by 6,900 from a month ago to 17,400. By gender, the unemployment rate for men jumped 7.1% from 4.5%, while the rate for women surged to 7.4% from 4.6%. The youth unemployment rate, which measures job-seekers between 16 to 24 years old, grew sharply to 16.6% from 11.2% in December 2025. Meanwhile, the employment rate dropped to 75.7% from 76.8%, with the number of employed persons decreased by 400 to 222,500. The labor force participation rate rose 81.6%, compared with 80.5% in the prior month. On a non-seasonally adjusted basis, the unemployment rate climbed to 8.3% in January from 4.2% in December 2025.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.