Icelandic news translated into English

November 12, 2008

Predicted unemployment rate at 3.8% in November

Filed under: economy,jobs,Uncategorized — newsfrettir @ 3:33 pm

Registered unemployment in October was 1.9% or on average 3106 people and the number of people who were unemployed grew by 877 people since September. At the same time of year in 2007 the unemployment rate was 0.8% or 1315 people.
The directorate of labour says that usually unemployment increases between October and November. Last year unemployment was similar for both months and was then 0.8%. Unemployed at the end of October increased from the end of September to 1447 and to 2627 from the same time in 2007.
The directorate of labor says it is hard to estimate unemployment these days because of the massive recession in the economy and mass layoffs, but the unemployment rate in November will probably increase dramatically and be about 3.3 – 3.8%.

News Article by noname
Original Article in Icelandic

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