Long-term unemployment up while overall figure drops

Long-term unemployment grew in Iceland between 2010 and 2011, according to figures from Statistics Iceland.

In 2011 around 3,400 people had been looking for work for 12 months or longer; which is 26.5 percent of all job seekers. In 2010 the proportion was 20.3 percent, RÚV reported.

Last year an average of 12,700 people were unemployed and looking for work each month, which translates to about 7.1 percent of the workforce. That figure is lower than in 2010 when unemployment stood at 7.6 percent and roughly a thousand extra people were looking for jobs.

The rate of unemployment was an average nine percent in Reykjavík in 2011, seven percent in Reykjavík’s neighbouring and adjoining municipalities, and five percent elsewhere in the country. More men were unemployed than women: 7.8 percent of men and 6.2 percent of women.