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.