Unemployment in Iceland Continues to Drop

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Unemployment in Iceland Continues to Drop

Photo: Geir Ólafsson.

Unemployment in Iceland has decreased by 0.9 percent in the last year, according to figures from the Icelandic Directorate of Labor. Unemployment now stands at 4.5 percent, down from 5.4 percent at the same time last year, visir.is reports. 

Landsbanki’s Economics Department predicts that the unemployment rate will continue to drop albeit at a slower pace.

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