Italy Jobless Rate Drops to 7-month Low of 10.2%
Italy's unemployment rate decreased to 10.2 percent in March 2019 from a downwardly revised 10.5 percent in the prior month and below market expectations of 10.7 percent. It is the lowest jobless rate since August, as the number of unemployed fell by 3.5 percent while employment rose 0.3 percent.
The number of unemployed declined by 96 thousand from the previous month to 2.641 million in March 2019, while the number of employed increased by 60 thousand to 23.291 million and those detached from the labour force decreased by 6 thousand to 13.197 million.
Youth unemployment rate, measuring job-seekers between 15 and 24 years old, fell to 30.2 percent from a downwardly revised 31.8 percent in the prior month.
By genders, the jobless rate was lower for men (9.4 percent vs 9.7 percent in February) than for women (11.3 percent vs 11.7 percent).
The country's overall employment rate, one of the lowest in the Euro Area, went up to 58.9 percent in March from 58.6 percent in the previous month. The labor force participation rate stood at 65.7 percent for the third straight month.
On an annual basis, unemployment declined by 208 thousand and employment rose by 114 thousand while inactive fell by 35 thousand.
4/30/2019 9:46:54 AM