Iceland Jobless Rate Continues To Rise In February

3/11/2011

RTTNews) - Unemployment rate in Iceland increased for a fifth consecutive month in February, data from the Directorate of Labor showed Friday.
The jobless rate increased to 8.6 percent in February from 8.5 percent in January. This was the highest rate in ten months, data showed.
During the month, there were 13,772 unemployed persons in the country, 314 more than in January. Unemployment edged up 0.1 percent month-on-month.
The number of job vacancies increased to 198 in February from 185 during the previous month. The Directorate expects unemployment to increase marginally over the month and forecasts the jobless rate to be between 8.5 percent and 8.8 percent in March.