Italy's jobless rate eased to 7.8% in April 2023, the lowest in three years, from an upwardly revised 7.9% in March and in line with market expectations. The number of unemployed people decreased by 14 thousand people to 1,986 million, while the number of employed individuals rose by 48 thousand to 23.446 million. The labor force participation rate went up to 66.4% from 66.3% and the employment rate, one of the lowest in the Eurozone, was stable at 61.0%. Meanwhile, the youth unemployment rate, measuring job-seekers between 15 and 24 years old, fell to 20.4% from 21.8% the month before, its lowest level since 2008. In April 2022, the jobless rate was higher at 8.2%. The number of employed was up by 390,000 from last year due to an increase in permanent employees and the number of self-employed, which offset a decrease in temporary employees. source: National Institute of Statistics (ISTAT)

Unemployment Rate in Italy averaged 9.47 percent from 1983 until 2023, reaching an all time high of 13.20 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 June of 2023.

Unemployment Rate in Italy is expected to be 8.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Italy Unemployment Rate is projected to trend around 8.60 percent in 2024 and 9.30 percent in 2025, according to our econometric models.

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Italy Unemployment Rate



Calendar GMT Actual Previous Consensus TEForecast
2023-05-03 08:00 AM Mar 7.8% 7.9% 8% 7.9%
2023-06-01 08:00 AM Apr 7.8% 7.9% 7.8% 7.9%
2023-06-30 08:00 AM May 7.8%


Related Last Previous Unit Reference
Unemployment Rate 7.80 7.90 percent Apr 2023
Unemployed Persons 1979.64 2001.43 Thousand Mar 2023
Employed Persons 23349.11 23312.50 Thousand Mar 2023
Part Time Employment 3505.00 3489.00 thousand Dec 2022
Full Time Employment 14798.00 14678.00 Thousand Dec 2022
Employment Rate 60.90 60.80 percent Mar 2023
Labor Force Participation Rate 66.20 66.20 percent Mar 2023
Youth Unemployment Rate 22.30 22.40 percent Mar 2023
Labour Costs 107.50 105.20 points Dec 2022
Productivity 107.50 105.30 points Dec 2022
Wages in Manufacturing 107.00 106.80 points Mar 2023
Wage Growth 2.20 2.20 percent Mar 2023

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.
Actual Previous Highest Lowest Dates Unit Frequency
7.80 7.90 13.20 5.90 1983 - 2023 percent Monthly
SA

News Stream
Italy Jobless Rate Falls to 3-Year Low
Italy's jobless rate eased to 7.8% in April 2023, the lowest in three years, from an upwardly revised 7.9% in March and in line with market expectations. The number of unemployed people decreased by 14 thousand people to 1,986 million, while the number of employed individuals rose by 48 thousand to 23.446 million. The labor force participation rate went up to 66.4% from 66.3% and the employment rate, one of the lowest in the Eurozone, was stable at 61.0%. Meanwhile, the youth unemployment rate, measuring job-seekers between 15 and 24 years old, fell to 20.4% from 21.8% the month before, its lowest level since 2008. In April 2022, the jobless rate was higher at 8.2%. The number of employed was up by 390,000 from last year due to an increase in permanent employees and the number of self-employed, which offset a decrease in temporary employees.
2023-06-01
Italian Unemployment Rate Falls to 3-Year Low
The unemployment rate in Italy fell to 7.8% in March of 2023, the lowest since the pandemic-driven labor force crash in April 2020 from the downwardly revised 8% in the previous month and firmly below market expectations of 8%. The result extended the resilience of the Euro Area job market despite a series of rate hikes by the ECB. The number of unemployed people decreased by 22 thousand people to 1,98 million, while the number of employed individuals also rose by 22 thousand to 23.349 million. Consequently, the labor force participation rate was unchanged from the prior month at 66.2%. Meanwhile, the youth unemployment rate, measuring jobseekers between 15 and 24 years old, eased by 0.1 percentage point to 22.3%.
2023-05-03
Italy Jobless Rate Above Expectations in February
The unemployment rate in Italy was at 8 percent in February 2023, the same as in the previous month and above market expectations of 7.9 percent. The number of unemployed people decreased by 12 thousand to 2.008 million while those in work rose by 10 thousand to 23.313 million. Meanwhile, the labor force participation rate was unchanged at 66.2 percent and the employment rate was steady at 60.8 percent. The youth unemployment rate, measuring jobseekers between 15 and 24 years old, fell to 22.4 percent in February from 22.8 percent in January. A year earlier, the jobless rate was higher at 8.4 percent.
2023-03-30