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27.08.202509:19:53UTC+00Iceland Unemployment Rate at 5-Month High

In July 2025, Iceland's seasonally adjusted unemployment rate rose to 4%, an increase from a revised 2.7% in June. This was the highest unemployment figure since February 2025, as the number of unemployed individuals grew by 3,200 to a total of 9,500. Of this group, 5,700 were men and 3,800 were women. The youth unemployment rate, which considers job seekers aged 16 to 24, climbed to 5.7% from 5% in June. Furthermore, the employment figures dropped by 3,300 compared to the previous month, resulting in a total employment of 226,500. The labor force participation rate slightly declined to 81.4% in July from 81.6% in June.

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