The Icelandic labour market in June 2025

Summary

The unemployment rate in June was 3,4%, down from 3,7% in May.

There were on average 7.398 unemployed people in June 2025.

Unemployment by gender:

The unemployment rate for men in June was 3,6%, down from 3,8% in May. The unemployment rate for women was 3,2% in June, down from 3,4% in May.

Unemployment among young adults:

There were 1913 young adults, aged 18-29 years unemployed in June 2025, down from 2007 in May.

Long-term unemployment

There were 1.536 long-term unemployed (unemployed longer than 12 months) at the end of June 2025.

Forecast for July 2025:

It is expected that the unemployment rate will be stable at 3,4% in July.