Italy Unemployment Rate Edges Up in February

Italian seasonally adjusted jobless rate increased for the second consecutive month in February of 2014 to a new fresh high of 13.0 percent, up from 12.9 percent in the previous month, and 11.5 percent a year earlier. It is the highest level since records began.

The number of unemployed people at 3.307 million, increased 0.2 percent from the previous month and 9.0 percent over a year ago.

Youth unemployment rate (aged 15-24) was recorded at 42.3 percent, a marginal drop from 42.4 percent in the previous month.

February´s employment rate fell 0.8 percent over a year earlier to 55.2 percent and remained unchanged from January, corresponding to 22.216 million persons employed.

The inactivity rate remained unchanged from January of 2014 at 36.4 percent.

Italy Unemployment Rate Edges Up in February

Istat | Isabel Felino |
4/1/2014 9:38:45 AM