Italian Unemployment Rate Unchanged at 12.5% in October


In October, Italy’s jobless rate remained unchanged from September' figure at 12.5 percent. Youth unemployment continued to increase and hit its highest level ever.

The number of unemployed persons amounted to 3.2 million persons remaining unchanged over the previous month, but showing a 9.9 percent increase when compared with the previous year (+287 thousand). 

Italy's youth jobless rate rose to 41.2 percent compared to 40.4 percent the month before.

The number of persons in employment amounted to 22.3 million, unchanged from September, but showing a 1.8 percent decrease over October 2012 (- 408 thousand). The employment rate stood at 55.5 percent, slightly up from 55.4 percent in September. The inactivity rate was recorded at 36.4 percent.

Italian Unemployment Rate Unchanged at 12.5% in October


Krisztina Györffy | krisztina@tradingeconomics.com
11/29/2013 9:24:25 AM