Italy's unemployment rate decreased to 10.1 percent in March of 2021 from 10.2 percent in the previous month and below market expectations of 10.3 percent. The number of unemployed people decreased by 19 thousand to 2.495 million and employment rose by 34 thousand to 22.246 million. Meantime, the number of inactive people edged up 15 thousand to 24.741 million. The youth unemployment rate, measuring job-seekers between 15 and 24 years old rose to 33 percent from 31.9 percent. source: National Institute of Statistics (ISTAT)
Unemployment Rate in Italy averaged 9.52 percent from 1983 until 2021, reaching an all time high of 13.30 percent in November of 2014 and a record low of 5.90 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 May of 2021.
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 9.90 in 12 months time. In the long-term, the Italy Unemployment Rate is projected to trend around 9.60 percent in 2022 and 9.10 percent in 2023, according to our econometric models.