Italy Jobless Rate Rises Unexpectedly in October


Italy's unemployment rate rose to 10.6 percent in October 2018 from an upwardly revised 10.3 percent in the previous month and above market expectations of 10.1 percent. The number of unemployed increased by 2.4 percent while employment remained broadly stable.

The number of unemployed increased by 64 thousand from the previous month to 2.746 million in October, while the number of employed was virtually unchanged at 23.255 million and those detached from the labour force decreased by 77 thousand to 13.201 million.

Youth unemployment rate, measuring job-seekers between 15 and 24 years old, edged up to 32.5 percent from 32.4 percent in September. 

The country's overall employment rate, one of the lowest in the Euro Area, rose to 58.7 percent in October from 58.6 percent in the previous period. The labour force participation rate went up to 65.8 percent from 65.6 percent.

In the three months to October, unemployment fell by 70 thousand and employment by 40 thousand compared with the May-to-July period. Temporary employment increased while permanent contracts declined.

Italy Jobless Rate Rises Unexpectedly in October


Istat | Joana Ferreira | joana.ferreira@tradingeconomics.com
11/30/2018 9:43:33 AM