NEWS RELEASE LABOUR MARKET 27 FEBRUARY 2013

The number of persons in the labour force in January 2013 was 177,800 which corresponds to an activity rate of 78.7%. The number of employed persons was 167,400 and unemployed persons were 10,400. The employment rate was 74.1% and the unemployment rate was 5.8%. The unemployment rate has decreased by 0.9 percentage points from January 2012 when it was 6.7%. In January 2013 the male unemployment rate was 6.4% compared to 6.6% in January 2012 and the female unemployment rate was 5.3% compared to 6.9% in January 2012.

Flowchart. Labour force, January 2013


Figures may not add up because of rounding.

Seasonally adjusted unemployment 5.8%
The seasonally adjusted data shows that in January 2013 unemployed persons aged 16-74 amounted to 10,500 or 5.8% compared to 10,000 in December 2012 or 5.5%. The number of seasonally adjusted employed persons in January was 169,900 or 75.6% compared to 171.700 or 76.3% in December.

The seasonally adjusted trend data shows that for the last six months unemployment has decreased by 2.3% and the rate by 0.2 points. For the last twelve months unemployment has decreased by 14.9% and the rate by 1 point. The twelve month trend for employed persons shows an increase in number of employed by 1.5% and the rate has gone up by 0.6 points.

Implementation
January 2013 is divided in to five weeks, from the 31st of December 2012 to 3rd of February 2013. The total sample size for January 2013 was 1,520 persons, 16 to 74 years randomly chosen from the Population Register. When those who had passed away or those who were living abroad had been deducted from the sample the net sample was 1,481 persons. In total the number of usable answers was 1,197 which correspond to 80.8% response rate. All figures have been weighted by sex and age groups. The confidence limit of the results on activity rate is ±2.3 points, employment rate is ±2.5% and unemployment rate is ±1.7%. Figures may not add up because of rounding.

Table 1. Labour market in January - Original
CI CI CI
  2011 (±95%) 2012 (±95%) 2013 (±95%)
Total 16-74 years
Activity rate 79.4 2.5 79.7 2.5 78.7 2.3
Employment rate 73.1 2.8 74.4 2.7 74.1 2.5
Unemployment rate 7.9 2.0 6.7 1.8 5.8 1.5
Hours of work 39.0 1.2 39.3 1.2 37.0 1.1
Labour force 176,500 5,600 178,300 5,600 177,800 5,200
Employed 162,600 6,200 166,300 6,100 167,400 5,600
Unemployed 13,900 3,500 12,000 3,100 10,400 2,700
Inactive 45,800 5,600 45,300 5,600 48,100 5,200
Est. population 222,300 223,600 225,800

Table 2. Labour market last 6 months - Seasonal adjustment
  Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13
Total 16-74 years
Activity rate 78.5 81.9 80.1 78.4 80.8 80.3
Employment rate 73.6 77.5 76.3 74.9 76.3 75.6
Unemployment rate 6.2 5.4 4.8 4.5 5.5 5.8
Hours of work 39.4 39.3 39.5 39.3 39.8 39.2
Labour force 174,300 183,000 178,800 175,800 181,700 180,400
Employed 163,400 173,200 170,100 168,000 171,700 169,900
Unemployed 10,900 9,800 8,700 7,800 10,000 10,500
Inactive 47,700 40,400 44,300 48,500 43,300 44,300
Est. population 222,000 223,400 223,000 224,400 225,000 224,700

Table 3. Labour market last 6 months - Seasonal adjustment trend
  Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13
Total 16-74 years
Activity rate 79.8 79.7 79.6 79.6 79.6 79.7
Employment rate 75.2 75.2 75.2 75.2 75.2 75.3
Unemployment rate 5.8 5.6 5.5 5.5 5.5 5.6
Hours of work 39.6 39.5 39.5 39.5 39.5 39.4
Labour force 177,800 178,000 178,300 178,600 178,900 179,100
Employed 167,600 168,000 168,600 168,900 169,000 169,100
Unemployed 10,200 10,000 9,800 9,700 9,900 10,000
Inactive 45,000 45,300 45,700 45,900 45,800 45,600
Est. population 222,800 223,300 224,000 224,500 224,700 224,700

Statistics

Further Information

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

Share


Use of this press release is free. Please quote the source.