Italy Jobless Rate Lowest Since 2012

The seasonally adjusted unemployment rate in Italy decreased to 10.7 percent in May of 2018 from a downwardly revised 11 percent in the previous month and well below market expectations of 11.1 percent. It was the lowest jobless rate since August of 2012.

The number of unemployed fell by 84 thousand from the previous month to 2.793 million in May of 2018. Meantime, employment rose by 114 thousand to 23.382 million and those detached from the labour force decreased by 13 thousand to 13.125 million.

Youth unemployment rate, measuring job-seekers between 15 and 24 years old, went down to 31.9 percent from a downwardly revised 32.8 percent in April. It was the lowest level since January of 2012.

Among genders, the jobless rate was lower for men (9.8 percent from 10 percent in April) than for women (11.9 percent from 12.3 percent).

The country's overall employment rate, one of the lowest in the Euro Area, increased to 58.8 percent in May from an upwardly revised 58.6 percent in April and hitting its highest level in ten years. The labour force participation rate remained unchanged from the previous month at 66 percent.

Italy Jobless Rate Lowest Since 2012

Istat | Agna Gabriel |
7/2/2018 10:17:23 AM