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.