Unemployment For October At 4.5%

Words by

Published November 14, 2012

According to data compiled by Statistics Iceland, Iceland’s national rate of unemployment was at 4.5% in October, 2.5% lower than it was at this time last year.
Of the 178,500 people in Iceland considered employment viable, Statistics Iceland reports, 8,100 were without work and searching for employment.
In October 2011, unemployment was measured at 7%. This appears to be a continuing trend, as last September’s unemployment rate was 5.4% – in September 2011, it was 6.9%.
Demographically, more men than women were unemployed, but more men than women were also unemployed. There are 87,700 men on the work market, as opposed to 82,800 women. At the same time, about 5,000 men and about 3,000 women are unemployed.
Among those considered “unemployed” are students who do not work, those who are looking for work and can start working within two weeks, or those who have been hired for work that begins within a three-month period.



News
<?php the_title(); ?>

No-Fly Zone In Effect Over Holuhraun Eruption

by

ISAVIA has imposed a no-fly zone over the Holuhraun eruption site and a parts of northeastern Iceland. In a brief posted to their website, ISAVIA, who control and run Iceland’s airports, have stated that it is unclear how much ash is likely to be produced. Contingency plans in the event of disruptive ash production are in place. Reykjavík’s Air Traffic Control Centre, in cooperation with the Icelandic Met Office has mapped out a no-fly zone over and around the Holuhraun volcanic eruption. The no-fly zone (pictured), includes Akureyri Airport. At this time it is only possible to fly to and from Akureyri if Visual

News
<?php the_title(); ?>

Breaking News: Eruption Confirmed At Holuhraun

by

The Icelandic Met Office has confirmed an eruption has started in Holuhraun, north of Dyngjujökull. This is further backed up by the Míla live-feed where the eruption is visible in the distance.  According to Iceland’s Civil Protection Authority the lava is making its way to the surface through a 100 metre long fissure with low lava fountains with thin flowing lava. The eruption site is located in an area devoid of ice meaning that the flood risk for North Iceland is so far minimal.  

News
<?php the_title(); ?>

Humpback Whale Saved From Netting – VIDEO

by

The Icelandic Coast Guard rescued a whale that had been caught in netting, with the whole event record on video. A statement from the Icelandic Coast Guard announces that they received a call yesterday morning of a whale near Skagafjörður that had reportedly gotten caught in some fishing netting. The whale had attempted to free itself, but a rope from the net was entangled around its tail, and it was swimming not far from shore. A local sailor had attempted to free the netting from the whale himself, but the hook he was using was smacked from his hand by

News
<?php the_title(); ?>

Pagan Chief Says Racists Co-Opt Elements Of Ásatrú

by

The Head Cheiftain of the Ásatrú Society says neo-Nazis have attempted to co-opt the pagan faith – a practice the society utterly disavows. “We strongly oppose any attempt by individuals to use their association with the Ásatrúarfélagið of Iceland to promote attitudes, ideologies and practices rejected by the leadership of the Ásatrúarfélagið. We particularly reject the use of Ásatrú as a justification for supremacy ideology, militarism and animal sacrifice,” a statement the religious order posted on their website in English reads in part. “It should also be known that visitors have no authority to speak on our behalf. There is

News
<?php the_title(); ?>

Interior Minister Spoke Untruthfully To Parliament

by

What Interior Minister Hanna Birna Kristjánsdóttir told parliament earlier this summer about police investigations of her Ministry, and what the reality was, are two different things. As Vísir points out, Hanna Birna addressed parliament on the investigations of her Ministry on numerous occasions. On June 18, while police investigations were still ongoing, she told her colleagues that she had no knowledge of what police were uncovering and how they were conducting their investigations. “I do not know these investigations,” she told parliament. “I do not know about them, and it would be unnatural if I knew about any part of

News
<?php the_title(); ?>

Deutsche Bank Buys Icesave Debt

by

The Netherlands has sold its claims on the estate of the failed Icelandic bank Landsbanki to Deutsche Bank, reports RÚV. “I am pleased that the sale has enabled the Dutch state to get its money back quickly,” Finance Minister Jeroen Dijsselbloem told Bloomberg. The Dutch Finance ministry has now recouped all of the €1.43 billion euros ($1.89 billion) the country paid out to compensate Dutch depositors with Icesave accounts after Landsbanki failed in 2008. The Dutch Finance Ministry said the sale of the remaining claims to investors had yielded about €623 million euros.

Show Me More!