In September 2026, there were 15,300 unemployed individuals aged 16 to 74 according to seasonally adjusted results from the Icelandic Labour force survey. The seasonally adjusted unemployment rate was 5.7%, the employment rate 75.0% and the activity rate 79.6%. Seasonally adjusted unemployment decreased by 1.1 percentage points between August and September, the employment rate increased by 1.2 percentage points and the activity rate increased by 0.4 percentage points.
According to the unadjusted measurements, unemployment was 5.1% in August 2026 while the number of unemployed individuals was around 11,900. The employment rate was 75.6%, corresponding to just under 222,800 people, and the activity rate was 79.7%, or about 234,700 individuals in the labour force. Compared with the same month in 2025, measured unemployment increased by 1.9 percentage points, the employment rate fell by three percentage points and the activity rate decreased by 1.4 percentage points.