Italy September Jobless Rate Unchanged at 11.1%


Italy's seasonally adjusted jobless rate stood at 11.1 percent in September 2017, unchanged from the revised August's figure and in line with market expectations. The number of unemployed persons fell by 5 thousand from the previous month while employment increased by 2 thousand.

There were 2.891 million unemployed people, 5 thousand less than in the previous month. Meanwhile, employment rose by 2 thousand to 23.138 million and those detached from the labour force went up by 25 thousand to 13.320 million.

Youth unemployment rate, measuring job-seekers between 15 and 24 years old, rose to 35.7 percent from 35.1 percent in August.

Italy's overall employment rate, one of the lowest in the Euro Area, edged down to 58.1 percent in September from 58.2 percent in August.

Considering the third quarter of the year, Italy's economy added 120 thousand jobs, almost all of them temporary contracts. At the same time, unemployment rose by 5 thousand from the previous quarter and those detached from the labour force dropped by 128 thousand.

Italy September Jobless Rate Unchanged at 11.1%


Istat | Joana Ferreira | joana.ferreira@tradingeconomics.com
10/31/2017 9:49:09 AM