Wages, income and labour market

Labour market statistics, 4th quarter 2011

Labour market statistics, 4th quarter 2011 The number of persons in the labour force in the 4th quarter of 2011 was 175,700 which correspond to an activity rate of 78.4%. This is the lowest rate ever measured by the Icelandic Labour Force Survey. The number of employed persons was 165,100 and unemployed persons were 10,600. The employment rate was 73.7% and the unemployment rate was 6%. The number of both unemployed and employed persons decreased from the 4th quarter of 2010. Unemployed decreased by 2,600 and employed by 500.

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