Italy Unemployment Rate Stable at 11.5% in March


Istat estimates that 22.7 million persons were employed in March 2013 (provisional data). Employment rate was 56.3 percent, unemployment rate 11.5 percent and inactivity rate 36.3 percent.

Youth unemployment (between 15 and 24 years of age), increased to 38.4 percent from 37.8 percent. The employment rate (the number of Italians in work as a proportion of the working age population) edged down to 56.3 percent from 56.4 percent in February.

In March, there were 51,000 fewer people in work compared with the month before and 248,000 fewer than in February 2012. February's data was revised down from an originally reported 11.6 percent. 
 

Istat | Nuno Fontes | nuno@tradingeconomics.com
4/30/2013 9:58:53 AM