Italy Unemployment Rate Climbs to 11.3% in July


Italy's seasonally adjusted jobless rate rose slightly to 11.3 percent in July 2017 from an upwardly revised 11.2 percent in June and above market expectations of 11.1 percent. The number of unemployed persons increased by 61 thousand from the previous month and employment went up by 59 thousand.

There were 2.950 million unemployed people, 61 thousand more than in the previous month. Meantime, employment also rose by 59 thousand to 23.063 million and those detached from the labour force declined by 115 thousand to 13.317 million.

Youth unemployment rate, measuring job-seekers between 15 and 24 years old, went up to 35.5 percent from a revised 35.2 percent in June.

Italy's overall employment rate, on of the lowest in the Euro Area, edeged up to 58 percent in July from 57.9 percent in June.

Istat |Luisa Carvalho | luisa.carvalho@tradingeconomics.com
8/31/2017 8:21:21 AM