NEWS RELEASE LABOUR MARKET 21 AUGUST 2015

Unemployment rate 5%
The number of persons in the labour force in the 2nd quarter of 2015 was 196,300 corresponding to an activity rate of 84.3%. The number of employed persons was 186,400 while unemployed persons were 9,900. The employment rate was 80% and the unemployment rate was 5%. From the 2nd quarter of 2014 the number of employed persons has increased by 7,700 and the employment rate increased by 1.8 percentage points. At the same time the number of unemployed persons fell by 1,400 and the unemployment rate decreased by 0.9 points. The unemployment rate among females was 5.6% and 4.5% among males.

Decreasing long term unemployment
Those who have been unemployed for 12 months or more in 2nd quarter of 2015 were 900 or 0.4% of the labour force. In the 2nd quarter of 2014 long term unemployment persons were 1,800 or 0.9% of the labour force.

Persons are classified as unemployed when they have no employment, are actively seeking a job and could start working within two weeks or have found a job which starts within 3 months. Students who are not employed and fulfil this criteria are considered unemployed. People are classified as working (employed) if they worked one hour or more in the reference week or were absent from work they usually carry out. 

Labour market in 2nd quarter
  2012 2013 2014 2015
  2nd Q 2nd Q 2nd Q 2nd Q Conf.Int. ±
Activity rate 82.9 83.3 83.1 84.3 1.2
Unemployment rate 7.2 6.8 5.9 5.0 0.8
Employment rate 76.9 77.6 78.2 80.0 1.3
Full-time rate 77.1 77.7 79.6 78.6 1.5
Part-time rate 22.9 22.3 20.4 21.4 1.5
Labour force, est. number 185,500 188,300 189,900 196,300 2,800
Unemployed, est. number 13,300 12,900 11,300 9,900 1,500
In employment, est. number 172,200 175,500 178,700 186,400 3,100
Employees est. number 150,600 151,600 155,800 163,700 2,400
Self-employed, est. number 21,700 23,900 22,900 22,700 2,400
Employed full time, est. number 132,800 136,300 142,300 146,600 2,800
Employed part time, est. number 39,400 39,200 36,400 39,800 2,800
Working hours 39.8 40.5 40.1 40.3 0.7
Working hours full time 44.1 45.2 44.1 44.5 0.7
Working hours part time 24.4 23.4 23.7 23.8 1.0
Inactive, est. number 38,300 37,900 38,500 36,600 2,800
Population , est. number 223,800 226,200 228,500 233,000
Figures may not add up because of rounding.

 

Labour market statistics, 2nd quarter 2015 - Statistical Series

Statistics

Further Information

For further information please contact 528 1100 , email upplysingar@hagstofa.is

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