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Directorate of Labour Frontpage
Directorate of Labour Frontpage

Directorate of Labour

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.