The Icelandic labour market in November 2025

The unemployment rate in November was 4,3%, up from 3,9% in October.

There were on average 8.749 unemployed people in November 2025.

Unemployment by gender:

The unemployment rate for men in November was 4,5%, up from 4,1% in October. The unemployment rate for women was 4,0% in November, up from 3,8% in October.

Unemployment among young adults:

There were 2.490 young adults, aged 18-29 years unemployed in November 2025, up from 2.267 in October.

Long-term unemployment

There were 1.654 long-term unemployed (unemployed longer than 12 months) at the end of November 2025.

Forecast for December 2025:

It is expected that the unemployment rate will increase and be in the range of 4,5% in December.