Italy Jobless Rate Rises to 10.9% in June

The seasonally adjusted unemployment rate in Italy increased to 10.9 percent in June of 2018 from 10.7 percent in the previous month and above market expectations of 10.8 percent.

The number of unemployed rose by 60 thousand from the prior month to 2.866 milion in June of 2018. Meantime, employment dropped by 49 thousand to 23.320 million and those detached from the labour force declined by 27 thousand to 13.103 million.

Youth unemployment rate, measuring job-seekers between 15 and 24 years old, went up to 32.6 percent from an upwardly revised 32.2 percent in May.

Among genders, the jobless rate was higher for women (12.1 percent from 11.9 percent in May) than for men (10.1 percent from 9.9 percent).

The country's overall employment rate, one of the lowest in the Euro Area, fell to 58.7 percent in June from 58.8 percent in May. The labour force participation rate rose to 66.1 percent from 66.0 in the previous month.

Italy Jobless Rate Rises to 10.9% in June

Istat | Stefanie Moya |
7/31/2018 8:39:01 AM