By Unemployment 4.4% in December
According to the Icelandic Labour Force Survey the number of persons in the labour force in December 2013 was 185,100. Of those in the labour force 176.900 persons where employed and 8,200 persons where unemployed. The activity rate was 80.9%, the employment rate was 77.3% and the unemployment rate was 4.4%. Comparison between December 2012 and 2013 shows that activity rate has increased by 0.8 percentage points and employment rate has increased by 1.6 points. At the same time the unemployment rate has decreased by 1.1 percentage point.
Figure 1. Labour force December 2013
Figures may not add up because of rounding.
Seasonally adjusted unemployment 4.6%
The seasonally adjusted data shows that in December 2013 the number of people in the labour force was 187,500 or 81.7% activity rate compared to 81% in November. The number of unemployed persons amounted to 8.600 and decreased by 400 from November to December. The unemployment rate was 4.6% in December compared to 4.8% in November. According to the seasonal adjustment the number of employed persons in December was 178,900 compared to 177,700 in November.
The seasonally adjusted trend data shows that for the first six months of the year 2013 unemployment increased by 3% or by 0.1 points but for the last six months it decreased by 5.4% or 0.3 points. From the beginning of the year 2013 to the end of it number of unemployed persons decreased by 3.6% and number of employed persons increased at the same time by 3.3% or 1.7 points.
Implementation
December 2013 is divided in to four weeks, from the 2nd to 29th of December 2013. The total sample size was 1,201 persons, 16-74 years randomly chosen from the Population Register. When those who had passed away or those who were living abroad had been deducted from the sample the net sample was 1,188 persons. In total the number of usable answers was 957 which correspond to 80.6% response rate. All figures have been weighted by sex and age groups. The confidence limit of the results on activity rate is ±2.5 points, employment rate is ±2.6% and unemployment rate is ±1.5%. Figures may not add up because of rounding.
| Table 1. Labour market in December - Original | ||||||
| CI | CI | CI | ||||
| 2011 | (±95%) | 2012 | (±95%) | 2013 | (±95%) | |
| Total 16-74 years | ||||||
| Activity rate | 79.4 | 2.2 | 80.1 | 2.5 | 80.9 | 2.5 |
| Employment rate | 74.8 | 2.4 | 75.7 | 2.7 | 77.3 | 2.6 |
| Unemployment rate | 5.9 | 1.4 | 5.5 | 1.6 | 4.4 | 1.5 |
| Hours of work | 37.1 | 1.1 | 37.3 | 1.3 | 37.3 | 1.4 |
| Labour force | 177,900 | 4,900 | 180,400 | 5,700 | 185,100 | 5,600 |
| Employed | 167,400 | 5,300 | 170,500 | 6,100 | 176,900 | 6,000 |
| Unemployed | 10,500 | 2,600 | 9,900 | 2,900 | 8,200 | 2,700 |
| Inactive | 46,000 | 4,900 | 44,900 | 5,700 | 43,800 | 5,600 |
| Est. population | 223,900 | • | 225,300 | • | 229,000 | • |
| Table 2. Labour market last 6 months - Seasonal adjustment | ||||||
| Jul-13 | Aug-13 | Sep-13 | Oct-13 | Nov-13 | Dec-13 | |
| Total 16-74 years | ||||||
| Activity rate | 81.6 | 81.7 | 82.8 | 82.7 | 81.0 | 81.7 |
| Employment rate | 77.6 | 77.8 | 77.8 | 78.1 | 77.1 | 77.9 |
| Unemployment rate | 5.0 | 4.8 | 6.1 | 5.6 | 4.8 | 4.6 |
| Hours of work | 40.2 | 39.7 | 41.0 | 39.3 | 40.1 | 40.0 |
| Labour force | 183,800 | 185,400 | 189,400 | 188,400 | 186,600 | 187,500 |
| Employed | 174,600 | 176,400 | 177,900 | 177,900 | 177,700 | 178,900 |
| Unemployed | 9,100 | 8,900 | 11,500 | 10,600 | 9,000 | 8,600 |
| Inactive | 41,300 | 41,500 | 39,400 | 39,400 | 43,800 | 42,000 |
| Est. population | 225,100 | 226,900 | 228,800 | 227,900 | 230,400 | 229,600 |
| Table 3. Labour market last 6 months - Seasonal adjustment trend | ||||||
| Jul-13 | Aug-13 | Sep-13 | Oct-13 | Nov-13 | Dec-13 | |
| Total 16-74 years | ||||||
| Activity rate | 81.8 | 81.9 | 82.0 | 81.9 | 81.7 | 81.5 |
| Employment rate | 77.3 | 77.5 | 77.6 | 77.5 | 77.4 | 77.3 |
| Unemployment rate | 5.5 | 5.4 | 5.4 | 5.3 | 5.2 | 5.2 |
| Hours of work | 39.8 | 39.8 | 39.8 | 39.8 | 39.8 | 39.8 |
| Labour force | 185,200 | 186,200 | 187,000 | 187,200 | 187,000 | 187,000 |
| Employed | 174,900 | 176,100 | 176,900 | 177,200 | 177,200 | 177,300 |
| Unemployed | 10,200 | 10,100 | 10,100 | 10,000 | 9,800 | 9,700 |
| Inactive | 41,300 | 41,100 | 41,000 | 41,400 | 42,000 | 42,400 |
| Est. population | 226,400 | 227,300 | 227,900 | 228,500 | 229,100 | 229,400 |
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