Unemployment Increases Slightly - The Reykjavik Grapevine

Unemployment Increases Slightly

Published December 16, 2013

Unemployment in Iceland increased slightly over the past month, but is still well below the average for both the EU and the US.
MBL reports that the current national rate of unemployment is 4.1%, marking an increase of 0.2% from last month.
Unemployment was higher amongst women (4.6%) than men (3.6%). While generally speaking, unemployment was greater in the capital area (4.5%) than in the countryside (3.4%), both the highest and the lowest levels of unemployment could be found outside of Reykjavík: Suðurnes still leads in unemployment at 6.2%, while joblessness was lowest in north Iceland, with just 1.3% on unemployment.
While unemployment has increased, Iceland’s unemployment levels are still quite low when compared to the European Union and the United States. The EU has an unemployment rate of 12.1% as of October 2013, while the US has seen joblessness only now drop to 7% in early December.

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