Unemployment in Iceland Lowest since 2008

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Unemployment in Iceland Lowest since 2008

At 3.9 percent the unemployment rate in Iceland is the lowest since November 2008 and dropped 0.4 percent between May and June 2013.

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Photo copyright Icelandic Photo Agency.

The latest figures from the Directorate of Labor show a 0.9 percent year-over-year decrease, ruv.is reports.

In related news, Landsbanki reports that sales with domestic credit and debit cards decreased by 2.3 percent, indicating a drop in the rate of consumption. Meanwhile, sales with foreign credit and debit cards increased by 12.4 percent.

ZR