The seasonally adjusted unemployment rate in Italy fell to 9.9 percent in May of 2019 from a downwardly revised 10.1 percent in the previous month and below market expectations of 10.3 percent. It was the lowest jobless rate since February of 2012. 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.

Unemployment Rate in Italy is expected to be 9.70 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 9.20 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.

Italy Unemployment Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-04-01 08:00 AM Unemployment Rate Feb 10.7% 10.5% 10.5% 10.2%
2019-04-30 08:00 AM Unemployment Rate Mar 10.2% 10.5% 10.7% 10.5%
2019-06-04 08:00 AM Unemployment Rate Apr 10.2% 10.2% 10.3% 10.1%
2019-07-01 08:00 AM Unemployment Rate May 9.9% 10.1% 10.3% 10%
2019-07-31 08:00 AM Unemployment Rate Jun 9.9% 9.9%
2019-08-30 08:00 AM Unemployment Rate Jul 9.9%
2019-09-30 08:00 AM Unemployment Rate Aug 9.8%



Italy Jobless Rate Falls to Lowest Since 2012

The seasonally adjusted unemployment rate in Italy fell to 9.9 percent in May of 2019 from a downwardly revised 10.1 percent in the previous month and below market expectations of 10.3 percent. It was the lowest jobless rate since February of 2012.

The number of unemployed decreased by 51 thousand from the previous month to 2.580 million in May and those detached from the labour force rose by 4 thousand to 13.199 million, while employment went up by 67 to 23.387 million.

Youth unemployment rate, measuring job-seekers between 15 and 24 years old, stood at 30.5 percent in May.

The country's overall employment rate, one of the lowest in the Euro Area, edged up to 59.0 percent in May from 58.9 percent in the previous month. The labor force participation rate stood at 65.7 percent for the fourth straight month.

On an annual basis, unemployment declined by 192 thousand and employment rose by 92 thousand.


Istat | Rafael Gonzalez | rafael.gonzalez@tradingeconomics.com
7/1/2019 8:27:01 AM



Italy Labour Last Previous Highest Lowest Unit
Unemployment Rate 9.90 10.10 13.10 5.80 percent [+]
Employed Persons 23387.50 23320.70 23387.50 22108.70 Thousand [+]
Unemployed Persons 2579.60 2630.20 3346.90 1410.20 Thousand [+]
Part Time Employment 36140.57 35938.62 36415.20 19609.13 Hundreds Person [+]
Full Time Employment 141171.59 142720.63 148487.11 132977.43 Hundreds Person [+]
Employment Rate 59.00 58.90 59.00 55.30 percent [+]
Labor Force Participation Rate 65.70 65.70 65.90 61.60 percent [+]
Long Term Unemployment Rate 6.00 6.00 8.00 2.60 percent [+]
Youth Unemployment Rate 30.50 31.10 43.40 19.40 percent [+]
Productivity 104.90 104.60 108.50 24.50 Index Points [+]
Labour Costs 111.20 108.70 111.20 44.50 Index Points [+]
Wages 2434.00 2431.00 2434.00 1165.00 EUR/Month [+]
Wages in Manufacturing 102.20 102.20 113.70 2.20 Index Points [+]
Wage Growth 1.60 1.50 15.80 0.30 percent [+]
Population 60.48 60.59 60.80 50.03 Million [+]
Retirement Age Women 67.00 66.58 67.00 59.00 [+]
Retirement Age Men 67.00 66.58 67.00 59.00 [+]
Living Wage Family 1440.00 1460.00 1460.00 1320.00 EUR/Month [+]
Living Wage Individual 935.00 950.00 950.00 825.00 EUR/Month [+]
Wages High Skilled 2340.00 2500.00 2650.00 2340.00 EUR/Month [+]
Employment Change 0.10 -0.20 1.10 -0.90 percent [+]
Wages Low Skilled 1130.00 1330.00 1390.00 1130.00 EUR/Month [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
9.90 10.10 13.10 5.80 1983 - 2019 percent Monthly
SA




Country Last Previous
South Africa 27.60 Mar/19
Spain 14.70 Mar/19
Turkey 13.00 Apr/19
Brazil 12.30 May/19
Argentina 10.10 Mar/19
Italy 9.90 May/19
France 8.70 Mar/19
Euro Area 7.50 May/19
India 6.00 Dec/18
Saudi Arabia 5.70 Mar/19
Canada 5.50 Jun/19
Australia 5.20 Jun/19
Indonesia 5.01 Mar/19
Russia 4.40 Jun/19
South Korea 4.00 Jun/19
United Kingdom 3.80 May/19
United States 3.70 Jun/19
China 3.67 Mar/19
Mexico 3.50 May/19
Netherlands 3.40 Jun/19
Germany 3.10 May/19
Japan 2.40 May/19
Singapore 2.20 Mar/19
Switzerland 2.10 Jun/19


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