According to the Icelandic Labour Force Survey the number of persons in the labour force in June 2015 was 202,200. Of those in the labour force 196,400 persons were employed and 5,800 persons were unemployed. The activity rate was 86.6%, the employment rate was 84.1% and the unemployment rate was 2.9%. Between June 2014 and 2015 the activity rate increased by 1.3 percentage points and the employment rate increased by 2.7 points. At the same time the number of unemployed persons decreased by 3,200 and the unemployment rate decreased by 1.7 points.

Figure 1. Labour force June 2015

 
Figures may not add up because of rounding.

Seasonally adjusted unemployment was 3.2% in June
The seasonally adjusted data show that in June 2015 the number of people in the labour force was 190,800 corresponding to 83.2% activity rate. The number of unemployed persons, in June 2015, amounted to 6,100 and had decreased by 2,500 since May. The unemployment rate was 3.2% in June compared to 4.4% in May. According to the seasonal adjustment the employment rate was 80.5% in June. Between May and June, the employment rate increased by 1.3 points and the unemployment rate decreased by 1.2 points. The trend for seasonally adjusted data in the last six months shows that the unemployment rate has decreased by 0.2 percentage points and by 0.8 points for the last 12 months. The employment rate has increased by 0.6 points in the last six months and by 1.2 points in the last 12 months.

Implementation
June 2015 is divided into four weeks, from 1st to 29th of June. The total sample size was 1,212 persons, 16–74 years, randomly chosen from the Population Register. When those who had passed away and those who were living abroad had been deducted from the sample the net sample was 1,193 persons. In total the number of usable answers was 939 corresponding to 78.7% response rate. All figures have been weighted by sex and age groups. The confidence limit of the results on activity rate is ±2.0 points, employment rate is ±2.2 points and unemployment rate is ±1.2 points. Figures may not add up because of rounding.

Table 1. Labour market in June - Original
    CI   CI   CI
  2013 (±95%) 2014 (±95%) 2015 (±95%)
Total 16-74 years            
Activity rate 84.3 2.3 85.3 2.2 86.6 2
Employment rate 78.9 2.6 81.4 2.4 84.1 2.2
Unemployment rate 6.4 1.7 4.6 1.5 2.9 1.2
Hours of work 42.5 1.3 43.2 1.3 42.5 1.3
Labour force 191,000 5,200 195,300 5,000 202,200 4,800
Employed 178,700 5,800 186,300 5,600 196,400 5,200
Unemployed 12,300 3,300 9,000 2,900 5,800 2,300
Inactive 35,600 5,200 33,600 5,000 31,300 4,800
Est. population 226,500 228,800 233,500
Table 2. Labour market last 6 months - Seasonal adjustment
  Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15
Total 16-74 years            
Activity rate 81.2 82.5 82.8 82.3 83.0 83.2
Employment rate 77.7 78.6 79.4 78.4 79.3 80.5
Unemployment rate 4.3 4.7 4.1 4.7 4.4 3.2
Hours of work 40.2 39.8 39.8 39.8 39.9 40.0
Labour force 189,400 192,100 191,900 192,000 194,200 190,800
Employed 181,200 183,100 184,100 183,000 185,600 184,700
Unemployed 8,200 9,000 7,800 9,000 8,600 6,100
Inactive 43,700 40,800 39,900 41,400 39,900 38,500
Est. population 233,100 232,900 231,700 233,400 234,100 229,400
Table 3. Labour market last 6 months - Seasonal adjustment trend
  Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15
Total 16-74 years            
Activity rate 82.0 82.0 82.2 82.4 82.5 82.6
Employment rate 78.3 78.4 78.6 78.8 79.0 79.2
Unemployment rate 4.4 4.4 4.3 4.3 4.2 4.2
Hours of work 40.0 40.0 39.9 39.9 39.9 39.9
Labour force 189,700 190,600 191,400 192,000 192,500 193,000
Employed 181,300 182,200 183,100 183,800 184,400 184,900
Unemployed 8,400 8,400 8,300 8,200 8,200 8,100
Inactive 41,800 41,800 41,500 41,100 40,800 40,500
Est. population 231,500 232,400 232,900 233,100 233,300 233,600

Statistics