According to OECD data the labour participation rate among immigrants in Iceland is the highest in the OECD. 84.2% of all foreign born people aged 15-64 in Iceland were employed in the second quarter of 2015. This is significantly higher than in any other OECD country. Switzerland comes closest, with a 77% employment rate for immigrants. The OECD average is 64.7%.
The figures, which were prepared for the OECD Labour and Employment ministerial meeting on January 15, confirm the strong state of the Icelandic labour market and the Icelandic economy.
OECD estimates the unemployment rate in Iceland to be 4.1% in the third quarter of 2015, the fifth lowest among member states. The OECD average is 6.7%. The employment rate, the total employment as a percentage of the entire population of people 16-64 years old, to be 84%. Iceland has the highest employment rate of any OECD country, followed by Switzerland which has a 79.7% employment rate and Sweden with a 75.5% employment rate and an OECD average of 66.2%.
Iceland has a much higher employment rate of low-skilled workers than the rest of the OECD, 80.6% compared to the average of only 55.2%. Icelandic women 25-54 have the third highest employment rate, 83.2% (OECD average being 67.4%), and by far the highest rate of employment among old people. 86.5% of people 55-64 in Iceland are employed, compared to a OECD average of 58.2%.
According to OECD data the labour participation rate among immigrants in Iceland is the highest in the OECD. 84.2% of all foreign born people aged 15-64 in Iceland were employed in the second quarter of 2015. This is significantly higher than in any other OECD country. Switzerland comes closest, with a 77% employment rate for immigrants. The OECD average is 64.7%.
The figures, which were prepared for the OECD Labour and Employment ministerial meeting on January 15, confirm the strong state of the Icelandic labour market and the Icelandic economy.
OECD estimates the unemployment rate in Iceland to be 4.1% in the third quarter of 2015, the fifth lowest among member states. The OECD average is 6.7%. The employment rate, the total employment as a percentage of the entire population of people 16-64 years old, to be 84%. Iceland has the highest employment rate of any OECD country, followed by Switzerland which has a 79.7% employment rate and Sweden with a 75.5% employment rate and an OECD average of 66.2%.
Iceland has a much higher employment rate of low-skilled workers than the rest of the OECD, 80.6% compared to the average of only 55.2%. Icelandic women 25-54 have the third highest employment rate, 83.2% (OECD average being 67.4%), and by far the highest rate of employment among old people. 86.5% of people 55-64 in Iceland are employed, compared to a OECD average of 58.2%.
