Italy's unemployment rate rose to 9 percent in December of 2020 from a downwardly revised 8.8 percent in the previous month and above market expectations of 8.8 percent, as the coronavirus pandemic continues to hit the labour market. The number of unemployed people increased by 34 thousand to 2.257 million and employment fell by 101 thousand to 22.839 million. Meantime, the number of inactive people edged down by 67 thousand to 25.097 million. When compared with the same month last year, jobless people went down by 222 thousand and employment dropped by 444 thousand. The youth unemployment rate, measuring job-seekers between 15 and 24 years old, rose to 29.7 percent from 29.4 percent in November. source: National Institute of Statistics (ISTAT)

Unemployment Rate in Italy averaged 9.46 percent from 1983 until 2020, 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. Italy Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on March of 2021.

Unemployment Rate in Italy is expected to be 11.60 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 11.10 in 12 months time. In the long-term, the Italy Unemployment Rate is projected to trend around 10.20 percent in 2022, according to our econometric models.

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Italy Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
9.00 8.80 13.10 5.80 1983 - 2020 percent Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-10-30 08:00 AM Sep 9.6% 9.7% 10.1% 11.1%
2020-12-02 09:00 AM Oct 9.8% 9.7% 9.9% 9.8%
2021-01-08 10:00 AM Nov 8.9% 9.5% 10.2%
2021-02-01 09:00 AM Dec 9% 8.8% 8.8% 9.1%
2021-04-06 08:00 AM Feb
2021-04-06 08:00 AM Jan 9%
2021-04-30 07:00 AM Mar
2021-06-01 08:00 AM Apr


News Stream
Italy Unemploymente Rate Above Forecasts
Italy's unemployment rate rose to 9 percent in December of 2020 from a downwardly revised 8.8 percent in the previous month and above market expectations of 8.8 percent, as the coronavirus pandemic continues to hit the labour market. The number of unemployed people increased by 34 thousand to 2.257 million and employment fell by 101 thousand to 22.839 million. Meantime, the number of inactive people edged down by 67 thousand to 25.097 million. When compared with the same month last year, jobless people went down by 222 thousand and employment dropped by 444 thousand. The youth unemployment rate, measuring job-seekers between 15 and 24 years old, rose to 29.7 percent from 29.4 percent in November.
2021-02-01
Italy Jobless Rate Drops to 6-Month Low of 8.9%
Italy's unemployment rate decreased to 8.9 percent in November of 2020 from a downwardly revised 9.5 percent in the previous month. It was the lowest jobless rate since May, as the number of unemployed people fell by 168 thousand to 2.236 million, while employment rose by 63 thousand to 22.964 million. Meantime, the number of inactive people edged down by 105 thousand to 25.2 million. When compared with the same month last year, jobless people went down by 256 thousand and employment dropped by 390 thousand, while inactive people declined by 646 thousand. The youth unemployment rate, measuring job-seekers between 15 and 24 years old, decreased to 29.5 percent from 29.9 percent in October.
2021-01-08
Italy Unemploymente Rate Below Forecasts
Italy's unemployment rate increased to 9.8 percent in October 2020 from 9.7 percent in the previous month and compared to market expectations of 9.9 percent. The number of unemployed people rose by 11 thousand to 2.479 million, while employment fell by 13 thousand to 22.843 million, amid renewed coronavirus restrictions. Meantime, the number of inactive people was little changed at 25.322 million. When compared with the same month last year, jobless people went up by 43 thousand and employment was down by 473 thousand, while inactive people declined by 431 thousand. The youth unemployment rate, measuring job-seekers between 15 and 24 years old, rose to 30.3 percent from 29.7 percent in September.
2020-12-02
Italy September Jobless Rate Below Forecasts
Italy's unemployment rate dropped marginally to 9.6 percent in September 2020, from 9.7 percent in the previous month and below market consensus of 10.1 percent. The number of unemployed people fell by 22 thousand to 2.439 million, while employment levels were little-changed at 22.953 million, as the labor market stabilized after a coronavirus lockdown. In addition, the number of inactive people declined by 15 thousand to 13.562 million. Still, when compared with the same month last year, jobless people fell by 59 thousand and employment was down by 387 thousand, while inactive people were up by 333 thousand.
2020-10-30

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.