Italy Jobless Rate at Over 6-1/2-Year Low of 9.7%

The seasonally adjusted unemployment rate in Italy fell to 9.7 percent in August of 2018 from a downwardly revised 10.2 percent in the previous month and below market expectations of 10.5 percent. It was the lowest jobless rate since January of 2012.

The number of unemployed dropped by 119 thousand from the previous month to 2.522 million in August of 2018. Meanwhile, the number of employed rose by 69 thousand to 23.369 million and those detached from the labour force decreased by 47 thousand to 13.321 million.

Among genders, the jobless rate was lower for men (9 percent from 9.4 percent in July) than for women (10.7 percent from 11.2 percent in July). 

Youth unemployment rate, measuring job-seekers between 15 and 24 years old, increased to 31 percent from 30.8 percent in July. 

The country's overall employment rate, one of the lowest in the Euro Area, was at 59 percent in August, up from 58.8 percent in the prior month. The labour force participation rate went down to 56.5 percent from 65.6 percent in July.

Italy Jobless Rate at Over 6-1/2-Year Low of 9.7%

Istat | Agna Gabriel |
10/1/2018 10:45:49 AM