Iceland’s Unemployment Rate Finally Drops Below 2%

Iceland’s Unemployment Rate Finally Drops Below 2%

Photos by
Jabbi/Wikimedia Commons

Published October 18, 2016

The number of Icelanders without work has reached a low not seen since before the economic collapse of 2008.

Westfjords news service Bæjarins bestu reports that, according to the latest figures from the Directorate of Labour, unemployment on the national level was at 1.9% in September.

This is the first time since October 2008, the same month that Iceland’s banking system collapsed, that unemployment has been this low. At that time, unemployment had been under 2% since August 2005.

In November 2008, unemployment rose to about 3% and continued rising, reaching a high point of 9.3% in February and March of 2010.

Unemployment in Iceland has been steadily decreasing, due in no small part to the explosion of jobs in the tourism industry.


News
Pirate Party Want Referendum To Restart EU Talks

Pirate Party Want Referendum To Restart EU Talks

by

The Pirate Party have put forth an EU referendum proposal to restart negotiations with the European Union, reports RÚV. The

News
Keflavík Airport Grinds To Halt Over Security Issue

Keflavík Airport Grinds To Halt Over Security Issue

by

Keflavík airport ground to a halt yesterday afternoon when all flights were put on hold and passengers asked to go

News
Fake News! No, There’s No Football-Fueled Baby Boom in Iceland

Fake News! No, There’s No Football-Fueled Baby Boom in Iceland

by

A single tweet from an obscure Reykjavík anesthesiologist on Monday suggested that a spike in the number of hospital epidurals

News
“Major Deception” Occurred With Bank Sale, Investigation Finds

“Major Deception” Occurred With Bank Sale, Investigation Finds

by

The Parliamentary Investigation Commission (RNA) has concluded that the German bank Hauck & Aufhäuser was never an investor in The

News
Iceland’s Epic Euro Smiting Triggers Baby Boom

Iceland’s Epic Euro Smiting Triggers Baby Boom

by

It’s been nine months since Iceland’s smiting of England in the Euro Cup – often referred to as the island

News
Environment Minister Supports Shutting Plant Down

Environment Minister Supports Shutting Plant Down

by

Iceland’s Environment Minister, Björt Ólafsdóttir, believes shutting down the United Silicon plant in Reykjanesbær is an acceptable course of action.

Show Me More!