Approximately 6,200 jobs were estimated to be vacant on the Icelandic labour market in the second quarter of 2019, according the results of Statistics Iceland Job Vacancy Survey. In the same quarter, a total of 226,200 jobs were estimated to be manned. The job vacancy rate was therefore approximately 2.7%. This is an increase from the first quarter when the number of jobs vacant was 3,500 and the job vacancy rate was 1.5%. Given the seasonal changes of the Icelandic labour market it stands to reason that this increase is at least partially explained by summer jobs.

The figures are provisional, based on a quarterly survey of legal entities in Iceland.

Measure Value1 Standard error2 Lower interval3 Upper interval3
Number of vacancies 6.200 900 4.300 8.100
Number of jobs 226.200 9.300 207.900 244.500
Job vacancy rate 2,7% 0,4% 1,9% 3,5%

1 All counts are rounded to the nearest hundred or thousand.
2 Standard error of a measure refers to the variance in measures between samples.
3 The upper and lower interval of a measure refers to the range of the confidence interval around the measure. In repeated samples, the population value will fall within the confidence interval in 95% of cases.

About the data
The main objective of the Job Vacancy Survey is to gather information on the number of vacancies and employees working for legal entities that pay salary in the Icelandic labour market. The survey is conducted according to the European regulation No 453/2008. The figures are therefore comparable with figures from other countries within the European Statistical System.

The Job Vacancy Survey is conducted quarterly with a reference date in the middle of the second month of each quarter. In the second quarter of 2019, the reference date was May 15 which is considered to be representative for the quarter.

The target population of the survey are all legal entities in the Icelandic labour market that employ at least one individual. The sample was selected at the start of the year.

The sampling frame of the survey covers all legal entities that had on average at least one employee per month over the past year and were still active when the sample was selected. The survey sample is a stratified random sample where the strata were defined on the bases of four size categories (9 or fewer employees; 10-49 employees; 50-249 employees; 250 or more employees) and ten ÍSAT2008 categories ([A]. [B. C. D. E]. [F]. [G. H. I]. [J]. [K]. [L]. [M. N]. [O. P. Q]. [R. S]).

ÍSAT2008 is an Icelandic classification system of economic activity which corresponds to NACE08 rev.2. The sample unit of the survey as well as the statistical unit is a legal entity with at least one employee. Legal entities in the largest size category (250 or more employees) were all selected in the sample as their sampling probability was 1. This probability is lower for the smaller legal entities. This means that a new sample of medium, small and micro legal entities is selected each year while the larger ones are always a part of the sample.

The yearly sample size for the job vacancy survey in 2019 was 608 legal entities. However, the final sample size was 588 legal entities as 20 had either been deregistered, had merged with other organizations or turned out to be outside the sampling frame for other reasons.

Data were collected from May 16th to June 18th 2019 using a web survey. In total, 556 legal units responded to the survey which entails the response rate of 95%.

The final results were weighed by their sample probabilities based on their size and economic sector.