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Iceland's unemployment stands at 3.5 pct in Nov.

Xinhua, December 22, 2015 Adjust font size:

Iceland's unemployment rate stood at 3.5 percent in November 2015, registering a year-on-year increase of 0.4 percent, according to a survey issued Tuesday by Statistics Iceland.

The survey showed the number of people in the labor force market in November 2015 was 194,900, among whom 6,800 people were unemployed.

Seasonally-adjusted data showed that a total of 195,800 people are in the labor market, and the number of unemployed people amounted to 7,800. The unemployment rate was 4 percent in November, which is just 0.1 percent lower than it was in October.

Seasonal adjustment is a statistical method for removing the seasonal component of a time series that is used when analyzing non-seasonal trends. Enditem