The Icelandic labour market in March 2026

Unemployment by gender:

The unemployment rate for men in March was 5,2%, down from 5,3% in February. The unemployment rate for women was 4,3% in March, down from 4,4% in February.

Unemployment among young adults:

There were 2.706 young adults, aged 18-29 years unemployed in March 2026, down from 2.728 in February.

Long-term unemployment

There were 1.837 long-term unemployed (unemployed longer than 12 months) at the end of March 2026.

Forecast for April 2026:

It is expected that the unemployment rate will decrease and be in the range of 4,5-4,6% in April.