Italy's seasonally adjusted unemployment rate held steady at 9.7 percent in November 2019, remaining close to August's seven-and-a-half-year low and slightly below market expectations of 9.8 percent, as the number of unemployed increased by 12 thousand to 2.535 million while employment rose by 41 thousand to 23.486 million. The employment rate, one of the lowest in the Eurozone rose to 59.4 percent and the activity rate increased to 66 percent, their highest levels on record. The youth unemployment rate, measuring job-seekers between 15 and 24 years old, edged up to 28.6 percent from 28.2 percent.
Unemployment Rate in Italy averaged 9.47 percent from 1983 until 2019, reaching an all time high of 13.10 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. source: National Institute of Statistics (ISTAT)
Unemployment Rate in Italy is expected to be 9.40 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 8.80 in 12 months time. In the long-term, the Italy Unemployment Rate is projected to trend around 8.00 percent in 2020, according to our econometric models.