Footnotes

Time series from the Icelandic Labour Force Survey from 2003 were updated on March 10th 2021 using new weights and a new estimate for the population.
Activity rate is the ratio of the labour force to the total population. Unemployment is the ratio of the unemployed to all persons in the labour force. The Labour force is considered to consist of employed and unemployed persons. Working hours are the total hours the respondent worked in the main and second job during the reference week. Employed. Persons are classified as working if they worked one hour or more in the reference week or were absent from the work they usually carry out. Individuals on birth leave are considered absent from work if they went on leave from a paid job, even if they have no intentions of returning to the same job. Student. A respondent is classified as a student if he or she was attending a school belonging to the general school system, was in apprenticeship or in-service training in the month before the survey occurred, or was working along with being a student.