Italy's unemployment rate decreased to 6.3 percent in April of 2020, the lowest since November of 2007 and below market expectations of 9.5 percent, as the number of inactive people increased by 746 thousand to 14.578 million, its highest since November of 2011 due to the coronavirus crisis. The number of unemployed people fell by 484 thousand to 1.543 million and employment decreased by 274 thousand to 22.881 million. The youth unemployment rate, measuring job-seekers between 15 and 24 years old, decreased to 20.3 percent, the lowest since January of 2008, from 26.5 percent in March. The employment rate, one of the lowest in the Euro Area, went down to 57.9 percent from 58.6 percent.

Unemployment Rate in Italy averaged 9.46 percent from 1983 until 2020, reaching an all time high of 13 percent in November of 2014 and a record low of 5.80 percent in April of 2007. This page provides the latest reported value for - Italy Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Italy Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2020. source: National Institute of Statistics (ISTAT)

Unemployment Rate in Italy is expected to be 10.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Italy to stand at 12.10 in 12 months time. In the long-term, the Italy Unemployment Rate is projected to trend around 11.10 percent in 2021 and 10.20 percent in 2022, according to our econometric models.

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Italy Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
6.30 8.00 13.00 5.80 1983 - 2020 percent Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-03-03 09:00 AM Jan 9.8% 9.8% 9.8% 9.7%
2020-04-01 08:00 AM Feb 9.7% 9.8% 10% 10.2%
2020-04-30 08:00 AM Mar 8.4% 9.3% 10.5% 10.7%
2020-06-03 08:00 AM Apr 6.3% 8% 9.5% 8.9%
2020-07-02 08:00 AM May 6.3%
2020-07-30 08:00 AM Jun 10%
2020-09-01 08:00 AM Jul
2020-10-01 08:00 AM Aug


News Stream
Italy Jobless Rate Lowest since 2007 due to Inactivity
Italy's unemployment rate decreased to 6.3 percent in April of 2020, the lowest since November of 2007 and below market expectations of 9.5 percent, as the number of inactive people increased by 746 thousand to 14.578 million, its highest since November of 2011 due to the coronavirus crisis. The number of unemployed people fell by 484 thousand to 1.543 million and employment decreased by 274 thousand to 22.881 million. The youth unemployment rate, measuring job-seekers between 15 and 24 years old, decreased to 20.3 percent, the lowest since January of 2008, from 26.5 percent in March. The employment rate, one of the lowest in the Euro Area, went down to 57.9 percent from 58.6 percent.
2020-06-03
Italy Jobless Rate Falls as Fewer People Look for Work
Italy's unemployment rate decreased to 8.4 percent in March 2020, the lowest since August 2011 and below market expectations of 10.5 percent, as the number of inactive people increased sharply due to the coronavirus crisis. The number of unemployed people fell by 267 thousand to 2.132 million and employment decreased by 27 thousand to 23.234 million. The youth unemployment rate, measuring job-seekers between 15 and 24 years old, decreased to 28 percent from 29.2 percent in February. The employment rate, one of the lowest in the Euro Area, went down to 58.8 percent from 58.9 percent.
2020-04-30
Italy Jobless Rate Rises Less Than Expected
Italy's unemployment rate edged down to 9.7 percent in February 2020 from 9.8 percent in the previous month and below market expectations of 10 percent. The number of unemployed people fell by 18 thousand to 2.513 million and employment decreased by 10 thousand to 23.262 million. The youth unemployment rate, measuring job-seekers between 15 and 24 years old, stood at 29.6 percent in February, unchanged from the previous month’s nine-month high. The employment rate, one of the lowest in the Euro Area, went down to 58.9 percent from 59 percent.
2020-04-01
Italy Jobless Rate Holds Steady at 9.8%
Italy's unemployment rate stood at 9.8 percent in January 2020, unchanged from the previous month's figure and in line with market expectations, as the number of unemployed rose by 5 thousand to 2.528 million and employment decreased by 40 thousand to 23.312 million. The youth unemployment rate, measuring job-seekers between 15 and 24 years old, rose to 29.3 percent from 28.7 percent in December, its highest level since May 2019. The employment rate, one of the lowest in the Euro Area, was flat at 59.1 percent in January, remaining close to its highest level since the series began in 1977.
2020-03-03

Italy Unemployment Rate
In Italy, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.