Least unemployment in Iceland of all OECD countries
According to new figures, unemployment in Iceland is 2%, which is the lowest figure for unemployment of all the OECD counries. Two countries have under 3% unemployment, the Czech Republic (2.9%) and Japan (2.8%).
There are 35 member countries to the OECD (The Organisation for Economic Co-operation and Development). On average, unemployment in OECD countries was 5.8% in July.
When Iceland is compared to other Nordic nations, it turns out that unemployment in Iceland is considerably less. In Denmark there is 5.7 % unemployment, in Norway unemployment is 4.3%, in Finland 8.8 % and in Sweden 7.1 percent.