The Icelandic labour market in May 2025

Summary

The unemployment rate in May was 3,7%, down from 3,9% in April.

There were on average 7.885 unemployed persons in May 2025.

Unemployment by gender:

The unemployment rate for men in May was 3,8%, down from 4,2% in April. The unemployment rate for women was 3,4% in May, down from 3,6% in April.

Unemployment among young adults:

There were 795 young adults, aged 18-24 years unemployed in May 2025, down from 881 in April.

Long-term unemployment

There were 1.506 long-term unemployed (unemployed longer than 12 months) at the end of May 2025.

Forecast for June 2025:

It is expected that the unemployment rate will be 3,4% in June.