The unemployment rate in Italy fell to 10.5% in May of 2021 from 10.7% in April which was the highest rate since October 2018. Figures came below market forecasts of 10.8%. The number of unemployed people went down by 36K to 2.62 million, mainly women and all age classes except 25-34 years old. There were 30K less inactive people aged, mainly men and employment increased by 36K to 22.4 million, mainly for men and under 35. Overall, the employment rate went up to 57.2% from 57.1%. source: National Institute of Statistics (ISTAT)
Unemployment Rate in Italy averaged 9.53 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 July of 2021.
Unemployment Rate in Italy is expected to be 9.80 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 9.50 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.