Italian Jobless Rate Lowest Since January 2013

Unemployment rate in Italy decreased to 11.8 percent in September of 2015, from 11.9 percent in the previous month and beating market expectations. It was the lowest value since January of 2013, as unemployment decreased by 1.1 percent while employment declined at a much slower 0.2 percent.

In September, the number of unemployed persons declined by 35 thousand to 3.016 million from 3.051 million in August. While the number of employed persons went down by 36 thousand to 22.545 million from 22.581 million in the previous month. Employment rate was 56.5 percent (-0.1 p.p. compared to August) and inactivity rate was 35.8 percent (+0.2 p.p.). 

Youth unemployment rate (aged 15-24) decreased by 0.2 p.p. to 40.5 percent, from 40.7 percent in the previous month.

Year-on-year, the number of unemployed fell by 8.1 percent while the the number of employed increased by 0.9 percent.

Italian Jobless Rate Lowest Since January 2013

Istat | Joana Ferreira |
10/30/2015 9:24:45 AM