Labour market statistics, 4th quarter 2011

  • Statistical Series
  • 18. January 2012
  • Vol 97, Issue 1
  • ISSN: 1670-4509

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The number of persons in the labour force in the 4th quarter of 2011 was 175,700 which correspond to an activity rate of 78.4%. This is the lowest rate ever measured by the Icelandic Labour Force Survey. The number of employed persons was 165,100 and unemployed persons were 10,600. The employment rate was 73.7% and the unemployment rate was 6%. The number of both unemployed and employed persons decreased from the 4th quarter of 2010. Unemployed decreased by 2,600 and employed by 500.

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