The Icelandic labour market in February 2025
10th March 2025
The unemployment rate in February was 4,3%, up from 4,2% in January.


Summary
The unemployment rate in February was 4,3%, up from 4,2% in January.
There were on average 8.732 unemployed persons in February 2025.
Unemployment by gender:
The unemployment rate for men in February was 4,5%, up from 4,4% in January. The unemployment rate for women was 4,0% in February, up from 3,9% in January.
Unemployment among young adults:
There were 986 young adults, aged 18-24 years unemployed in February 2025, up from 956 in January.
Long-term unemployment
There were 1.538 long-term unemployed (unemployed longer than 12 months) at the end of February 2025. In January there were 1.472 long-term unemployed.
Forecast for March 2025:
It is expected that the unemployment rate will be between 4,2% and 4,3% in March.