Italian Unemployment Rate Unchanged At 18-Month High

Italy's seasonally adjusted jobless rate came in at 12 percent in December 2016, unchanged from the revised November's figure and higher than market expectations of 11.8 percent. It was the highest reading since June 2015, as the number of unemployed persons rose 0.3 percent from the previous month while employment showed no growth.

There were 3.103 million unemployed people, 9 thousand more than in the previous month. Employment rose by 1 thousand to 22.783 million and those detached from the labour force decreased by 15 thousand to 13.485 million.

Youth unemployment, measuring job seekers between 15 and 24 years old, also increased to 40.1 percent, its highest level since June 2015, from a revised 40 percent in November.

The overall employment rate, one of the lowest in the Eurozone, was unchanged at 57.3 percent.

Italian Unemployment Rate Unchanged At 18-Month High

Istat | Joana Ferreira |
1/31/2017 10:57:48 AM