The Icelandic labour market in May 2025
10th June 2025
The unemployment rate in May was 3,7%, down from 3,9% in April.

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.