Italian Unemployment Rises to 12.6%

In July, Italy's seasonally adjusted jobless rate was recorded at 12.6 percent, up from 12.3 percent in June. It is the highest level since March.

The number of unemployed was registered at 3.22 million, up by 2.2 percent compared with the previous month. Youth unemployment rate (aged 15-24) was 42.9 percent, 0.8 percentage points lower than June.

The number of employed persons decreased to 22.36 million, down by 0.2 percent on a monthly basis. The employment rate was 55.6 percent, 0.1 percentage points lower compared with June.

The inactivity rate was 36.3 percent, unchanged over June.

Italian Unemployment Rises to 12.6%

Istat | Nuno Fontes |
8/29/2014 9:15:51 AM