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.