Italy Unemployment Rate Stable at 11.4% in August

Italy's seasonally adjusted jobless rate was recorded at 11.4 percent in August 2016, unchanged from July's figure and in line with market expectations. The number of unemployed fell slightly while employment levels increased.

In August, the number of unemployed persons declined by 3 thousand or by 0.1 percent to 2.932 million from 2.935 million in July, while the number of employed persons rose by 13 thousand or by 0.1 percent to 22.768 million from 22.755 million in the previous month. The employment rate, one of the lowest in the euro zone, edged up in August to 57.3 percent from 57.2 percent, July's rate was revised down from a previously reported 57.3 percent. In contrast, the inactivity rate, which measures those neither in work nor looking for work, stood at 35.2 percent.

Youth unemployment rate, measuring job-seekers between 15 and 24 years old, declined to 38.8 percent from 39.2 percent, but remained above June's level of 37.2 percent.

Year-on-year, the number of unemployed fell by 1 thousand, almost unchanged from August 2015, while the the number of employed increased by 162 thousand, or by 0.7 percent.

Italy Unemployment Rate Stable at 11.4% in August

Istat | Joana Ferreira |
9/30/2016 8:29:56 AM