Iceland's unemployment rate increased in January to the highest level in nearly five years, preliminary data from Statistics Iceland showed on Wednesday.
The seasonally adjusted jobless rate for persons aged 16 to 74 years rose to 7.3 percent from 4.5 percent in December. The unemployment rate was 4.6 percent in the same month a year ago.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.