unemployment
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One Fourth Of Unemployed Icelanders Are University Graduates
The second largest group affected by unemployment in Iceland is comprised of university graduates, RÚV reports—right after individuals who only hold a primary school degree. Although the unemployment rate in Iceland is extremely low compared to other European countries (the youth unemployment…
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Wages In Iceland Up 60% Since 2012
In the years between 2012-2016, wages in Iceland increased 60%, reports VB.is. Wage increased has slowed down recently, but they still remain far above the countries Iceland does most trade with, where the increase was 6-8% in the same period In Sweden…
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Unemployed In Iceland Get Christmas Bonuses
Iceland’s unemployed will be getting Christmas bonuses this year, and unemployment in general has hit record lows. According to a statement from the Ministry of Welfare, those registered as unemployed in Iceland will receive a one-time December payment of 65,162 ISK. For…
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Record Number Of Foreign Workers In Iceland
Figures posted today by Statistics Iceland show that the unemployment rate for July was 1% and hasn’t been lower since figures started to be compiled regularly in 2003. An expert with the Directorate of Labour says that never before have there been…
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Unemployment Hits New Low
Unemployment has been steadily been decreasing, year by year, and even long-term unemployment has dipped below 1%. RÚV reports that, according to new data from Statistics Iceland, unemployment in Iceland was at 2.5% for the last quarter of 2016. This reflects a…
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Unemployment Reaches New Low
Unemployment continues its decline from last year, though jobless rates varied across different regions of the country. RÚV reports that the national unemployment rate is now 2.9%, according to the latest data from the Directorate of Labour. This is not only a…
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Your Amazing Letters, We’ve Been Getting Them!
Say your piece, voice your opinion, send your letters to: letters@grapevine.is — Most Awesome Letter of the Issue! Hello and hi there, I had the supreme pleasure of visiting your sunny (not quite in temperature but certainly in disposition) shores the other…
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Unemployment Now Under 3%
Unemployment in June reached astonishingly low levels, even when taken region by region. According to the latest data from the Directorate of Labour, the national rate of unemployment for the month of June was 2.6%, which is down by about 0.3% from…
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Unemployment Continues Yearly Decline
Unemployment in Iceland for the month of March is now at 4%, down by over 2% from this time last year. According to the latest figures from Statistics Iceland, unemployment was at 6.1% in March 2014. Between these two years, 10,400 more…
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On New Year’s Day, 500 People Lose Unemployment Insurance
On December 18, the Directorate of Labour announced that as of January 1, 2015, the duration of unemployment insurance will be reduced by six months, from three years, to two and a half. This is in accordance with next year’s State Treasury…
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Unemployment In Iceland Now At 3%
Unemployment in Iceland is now the lowest it has been since the October 2008 economic collapse; lower than in both the European Union and the US. Kjarninn reports that unemployment in Iceland for the month of September was measured at 3%. At…
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Demand For Municipal Income Support Grew In 2013
Statistics Iceland (SI) report a 4% increase in the number of households receiving municipal income support from 2012 to 2013. According to the report, published last Thursday, a total of 8,042 households, consisting of 13,130 individuals or 4% of the country’s population,…
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Iceland Has Oldest Graduates
A new OECD report on education shows that Iceland is the only place in the developed world where the average age to leave tertiary education is over 30, reports The Guardian. This does not mean that young Icelanders are shunning university however,…
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FT: Don’t Be Fooled By Iceland’s Recovery
The Financial Times have published an article detailing the darker side of Iceland’s impressive recovery from the 2008 economic crash. Unemployment is down as Iceland boasts a growth rate above 3%; tourism, energy and IT businesses picking up pace as the nation’s source of…