Italian Unemployment Rate Drops to 11.1% in June

Italy's seasonally adjusted jobless rate fell to 11.1 percent in June 2017 from 11.3 percent in May and below market expectations of 11.3 percent. The number of unemployed persons declined by 57 thousand from the previous month while employment increased by 23 thousand.

There were 2.855 million unemployed people, 57 thousand less than in the previous month. Meanwhile, employment rose by 23 thousand to 22.961 million and those detached from the labour force increased by 12 thousand to 13.507 million.

Youth unemployment rate, measuring job-seekers between 15 and 24 years old, fell to 35.4 percent from a revised 36.5 percent in May.

Italy's overall employment rate, one of the lowest in the Euro Area, edged up to 57.8 percent in June from 57.7 percent in May.

Italian Unemployment Rate Drops to 11.1% in June

Istat | Joana Ferreira |
7/31/2017 8:22:39 AM