The Icelandic labour market in January 2026
10th February 2026
The unemployment rate in January was 4,9%, up from 4,4% in December. There were on average 9.748 unemployed people in January 2026.

Unemployment by gender:
The unemployment rate for men in January was 5,3%, up from 4,8% in December. The unemployment rate for women was 4,3% in January, up from 4,0% in December.
Unemployment among young adults:
There were 2.756 young adults, aged 18-29 years unemployed in January 2026, up from 2.546 in December.
Long-term unemployment
There were 1.772 long-term unemployed (unemployed longer than 12 months) at the end of January 2026.
Forecast for February 2026:
It is expected that the unemployment rate will increase and be in the range of 5,0-5,1% in February.