Total unemployment for the month of July in Iceland was recorded at 4.4%, according to data compiled by Statistics Iceland.
The unemployment rate marks not just a seasonal decline but an annual one, Vísir reports – unemployment in July 2011 was about a percentage higher. However, demographically speaking, there are distinct differences between men and women in terms of employment.
As it stands now, unemployment is at 5.8% for men, but was 5.5% in July 2011. At the same time, unemployment among women is now at 2.8%, but was at 5.4% in July 2011.
For the purposes of this survey, “unemployed” was defined as anyone who did not have a job within the week the survey was taken, was looking for work that would begin within two weeks, or had been hired for work that would begin within three months. Students were counted among the unemployed if they fit the above criteria.