Iceland's unemployment rate decreased from the previous month in January, data released by the Directorate of Labor showed Tuesday.
The unemployment rate declined to 7.2 percent in January from 7.3 percent in December. The latest figure was far below 8.5 percent recorded in January 2011.
On average, there were 11,452 jobless persons in Iceland in January, down from 11,760 in December. The number of unemployed at the end of January was 12,080, lower than 12,679 recorded in the previous month.
Long term unemployment, which refers to persons unemployed for one year and above, dropped to 3,695 at the end of January from 4,526 in December.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.