Fewer unemployed, more jobs on offer

12.05.2022 - 12:08
Mynd: Birgir Þór Harðarson / RÚV
The official unemployment rate in April stood at 4.5 percent, according to Hagstofa Íslands (Statistics Iceland) data, and had dropped by 0.4 percent since March, or around 590 people. At the same time, the number of jobs being advertised was 1,000 higher than last year.

At the end of April, there were 9,076 unemployed people in Iceland—down by 365 men and 167 women since the end of March.

The unemployment rate was highest in Suðurnes this April, at 7.6 percent; though it was 8.6 percent in March. The capital region was second, on 4.7 percent; down from 5.1 in March. The biggest proportional drops between months were in the Westfjords, West Iceland, and Northeast Iceland. 

Vinnumálastofnun (the Directorate of Labour) predicts unemployment will drop again in May, to between 4 and 4.3 percent. 

Three percent of jobs unfilled 

During the first quarter of 2022, 6,440 jobs were vacant and advertised in Iceland, according to Hagstofa Íslands. During the same time, 209,700 job roles were not vacant—meaning the proportion of total jobs that were unfilled was around three percent. 

During the first quarter this year, there were over a thousand more jobs available than in the last quarter of 2021—increasing the proportion of vacant jobs by half a percent. 

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