Italy Jobless Rate Rises to 11.7% in April


Italy's seasonally adjusted jobless rate rose to 11.7 percent in April 2016 compared with an upwardly revised 11.5 percent in the previous month, above market forecast of 11.4 percent. The rise in the unemployment rate was only due to previously discouraged workers deciding to seek employment while the number of employed rose for the second month running.

In April, the number of unemployed persons rose by 50 thousand or by 1.7 percent to 2.986 million from 2.936 million in March, while the number of employed persons rose by 51 thousand or by 0.2 percent to 22.634 million from 22.583 million in the previous month. The employment rate, one of the lowest in the Euro Area, went up to to a five-year high of 56.9 percent from 56.8 percent in March and the activity rate also rose sharply. In contrast, the inactivity rate, which measures those neither in work nor looking for work, stood at 35.4 percent, its lowest level since the current statistical series began in 1977.

Youth unemployment rate (aged 15-24) went up to 36.9 percent from 36.7 percent the month before.

Year-on-year, the number of unemployed fell by 93 thousand or by 3 percent while the the number of employed increased by 215 thousand or by 1 percent.

Italy Jobless Rate Rises to 11.7% in April


Istat | Joana Ferreira | joana.ferreira@tradingeconomics.com
5/31/2016 10:04:25 AM