Italy's unemployment rate decreased to 6.3 percent in April of 2020, the lowest since November of 2007 and below market expectations of 9.5 percent, as the number of inactive people increased by 746 thousand to 14.578 million, its highest since November of 2011 due to the coronavirus crisis. The number of unemployed people fell by 484 thousand to 1.543 million and employment decreased by 274 thousand to 22.881 million. The youth unemployment rate, measuring job-seekers between 15 and 24 years old, decreased to 20.3 percent, the lowest since January of 2008, from 26.5 percent in March. The employment rate, one of the lowest in the Euro Area, went down to 57.9 percent from 58.6 percent.
Unemployment Rate in Italy averaged 9.46 percent from 1983 until 2020, reaching an all time high of 13 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 June of 2020. source: National Institute of Statistics (ISTAT)
Unemployment Rate in Italy is expected to be 10.00 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 12.10 in 12 months time. In the long-term, the Italy Unemployment Rate is projected to trend around 11.10 percent in 2021 and 10.20 percent in 2022, according to our econometric models.