Italy Unemployment Rate Falls To 6-Month Low In February


Italy's seasonally adjusted jobless rate decreased to 11.5 percent in February of 2017 compared to a downwardly revised 11.8 percent in January and lower than market expectations of 11.9 percent. It is the lowest reading since August last year, as the number of unemployed persons decreased by 82.5 thousand from the previous month and employment increased by 23 thousand. Meanwhile, the employment rate stood at 57.5 percent.

There were 2.984 million unemployed people, 83 thousand less than in the previous month. Employment rose by 8 thousand to 22.862 million and those detached from the labour force went up by 51 thousand to 13.485 million.

Youth unemployment rate, measuring job-seekers between 15 and 24 years old, decreased to 35.2 from 36.9 in January.

Italy's overall employment rate, one of the lowest in the Euro Area, stood at 57.5 percent.

Italy Unemployment Rate Falls To 6-Month Low In February


Istat |Luisa Carvalho | luisa.carvalho@tradingeconomics.com
4/3/2017 9:31:39 AM