Italy Jobless Rate Stable at 11.1% in October

Italy's seasonally adjusted jobless rate stood at 11.1 percent in October of 2017, unchanged from September and in line with market expectations.The number of both unemployed and employed fell slightly.

There were 2.879 million unemployed people in October of 2017, 4 thousand less than in the previous month. Meanwhile, employment decreased by 5 thousand to 23.082 million and the number of detached from the labour force went down by 5 thousand to 13.348 million.

The unemployment rate among women decreased to 12.2 percent in October 2017 from 12.3 percent in the prior month, while among men rose to 10.3 percent from 10.2 percent.

Youth unemployment rate, measuring job-seekers between 15 and 24 years old, fell to 34.7 percent from 35.4 percent in September.

The overall employment rate, one of the lowest in the Euro Area, remained unchanged at 58.1 percent.

Italy Jobless Rate Stable at 11.1% in October

Istat | Luisa Carvalho |
11/30/2017 11:19:14 AM