Italy Jobless Rate Falls to Lowest Since 2012

The seasonally adjusted unemployment rate in Italy fell to 10.4 percent in July of 2018 from a downwardly revised 10.8 percent in the previous month and below market expectations of 10.8 percent. It was the lowest jobless rate since March of 2012.

The number of unemployed dropped by 271 thousand from the previous month to 2.705 million in July of 2018. Meanwhile, the number of employed rose by 277 thousand to 23.292 million and those detached from the labour force decreased by 92 thousand to 13.226 million.

Youth unemployment rate, measuring job-seekers between 15 and 24 years old, went down to 30.8 percent from a downwardly revised 31.8 percent in June.

Among genders, the jobless rate was lower for men (9.6 percent from 9.9 percent) than for women (11.5 percent from 11.9 percent in June).

The country's overall employment rate, one of the lowest in the Euro Area, was at 58.7 percent in July, unchanged from the prior month. The labour force participation rate declined to 65.7 percent from 66.0 percent in June.

Italy Jobless Rate Falls to Lowest Since 2012

Istat | Stefanie Moya |
8/31/2018 9:10:14 AM