Italy Unemployment Rate Hits Record High

Italian jobless rate increased to 13.2 percent in October of 2014 from a revised 12.9 percent in September. It is the highest rate on record.

In October of 2014, the number of unemployed persons increased 2.7 percent over September to 3.41 million. In contrast, employment fell 0.2 percent to 22.374 million while the number of inactive persons decreased 0.2 percent to 14.08 million.

The employment rate was 55.6 percent compared with a revised 55.8 percent in September.

Youth unemployment rate rose 0.6 percent to 43.3 percent in October.

Italy Unemployment Rate Hits Record High

Istat| Joana Taborda |
11/28/2014 9:48:43 AM