Italy Unemployment Rate Unexpectedly Rises In March

Italy's seasonally adjusted jobless rate increased to 11.7 percent in March of 2017 from 11.5 percent in February and higher than market expectations of 11.5 percent. The number of unemployed increased by 1.4 percent from the previous month and employment was almost unchanged.

There were 3.022 million unemployed people in March 2017, 41 thousand more than in the previous month. Employment fell slightly by 7 thousand to 22.870 million and those detached from the labour force went down by 34 thousand to 13.436 million.

Youth unemployment rate, measuring job-seekers between 15 and 24 years old, decreased to 34.1 percent, the lowest level since February 2012, from 34.5 percent in February.

Italy's overall employment rate, one of the lowest in the Euro Area, stood at 57.6 percent, unchanged from the previous month.

Italy Unemployment Rate Unexpectedly Rises In March

Istat |Luisa Carvalho |
5/2/2017 12:15:04 PM