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Robert Bandanza · 2006-10-14T00:52:06Z

10/13/2006 | 12:03 Vast increase in foreign labor This year, 4,400 immigrant workers have entered the Icelandic labor market. This is a vast increase, as in 2005 only 3,900 were registered. In September alone, 1,000 foreign workers entered the labor market, more workers than have ever been registered in such a short period of time before. Morgunbladid reports. The Icelandic Directorate of Labor recently made these numbers public. The report also revealed that the unemployment rate in September was 1 percent, the lowest in five years. New regulations, which took effect last May, opened the Icelandic labor market for workers from eight more countries in the European Union, the newcomers from Eastern Europe. IcelandReview

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