Italian Unemployment Rate Up to New High of 12% in April


Istat estimates that 22.6 million persons were employed in April 2013 (provisional data). Employment rate was 56.0 percent, unemployment rate 12.0 percent and inactivity rate 36.2 percent.

Youth unemployment (between 15 and 24 years of age) increased to 40.5 percent from 40.3 percent. The employment rate (the number of Italians in work as a proportion of the working age population) edged down to 56.0 percent from 56.1 percent in March.

In April, there were 23,000 fewer people in work compared with the month before and 373,000 fewer than in April of 2012. March's data was revised up from an originally reported 11.5 percent to 11.9 percent. 

Italian Unemployment Rate Up to New High of 12% in April


ISTAT | Nuno Fontes | nuno@tradingeconomics.com
5/31/2013 9:18:58 AM