The Icelandic labour market in February 2026
10th March 2026
The unemployment rate in February was 4,9%, the same as in January. There were on average 9.772 unemployed people in February 2026.

Unemployment by gender:
The unemployment rate for men in February was 5,3%, the same as in January. The unemployment rate for women was 4,4% in February, up from 4,3% in January.
Unemployment among young adults:
There were 2.728 young adults, aged 18-29 years unemployed in February 2026, down from 2.756 in January.
Long-term unemployment
There were 1.784 long-term unemployed (unemployed longer than 12 months) at the end of February 2026.
Forecast for March 2026:
It is expected that the unemployment rate will decrease and be in the range of 4,7-4,8% in March.