Women Better Off in Icelandic Labor Market

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Women Better Off in Icelandic Labor Market

Fewer women than men were unemployed in the fourth quarter of 2012, according to new data from Statistics Iceland: 4 percent compared to 5.4 percent.

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A young girl starting her career as an entrepreneur in Seyðisfjörður. Photo: Áslaug Snorradóttir/Iceland Review.

The number of employed people in Iceland in Q4 stood at 168,400, up by 3,000 individuals on Q4 2011, while unemployed persons totaled 8,400, or 4.7 percent, 2,200 fewer than in Q4 in 2011.

According to the new statistics, the average working week (in the reference week) was 44.1 hours.

A total of 1.4 percent of the labor force has been unemployed for 12 months or more.

Statistics Iceland classifies individuals who are actively seeking a job and could start working within two weeks, or have found a job which starts within three months, as unemployed. Students who are not employed and fulfill this criteria are also included. 

PS