Icelandic companies experiencing shortage of workers

Almost half of all Icelandic companies are experiencing workforce shortages, with unemployment in Iceland very low, according to new figures.

According to the Central Bank of Iceland, seasonally corrected unemployment in Iceland is now 2.7% – its lowest level since the second quarter of 2008, before the financial crash.

MORE: Iceland facing “serious shortage” of skilled craftsmen

MORE: GUIDE: Relocating to and working in Iceland

Economic growth in 2007 is expected to be just over 4% – the third year in a row Iceland will have posted a +4% figure.

Over 40% of the companies surveyed by the Bank say that they lack sufficient workers. This rate has been increasing quickly recently and is at its highest level since late 2007.

MORE: 2,600 new jobs in Iceland over the next six months

Weather

Cloudy

Today

3 °C

Cloudy

Later today

3 °C

Cloudy

Tomorrow

4 °C

Exchange rates

USD USD 123.01 EUR EUR 138.50
GBP GBP 157.95 DKK DKK 18.57
NOK NOK 14.53 SEK SEK 13.48
CHF CHF 121.77 JPY JPY 1.08
ISK price of selected currencies, according to the official exchange rate of the Central Bank of Iceland. Updated daily.