Italy Jobless Rate Rises More than Expected in September


Italy's unemployment rate rose to 10.1 percent in September 2018 from an upwardly revised 9.8 percent in the previous month and above market expectations of 9.9 percent. The number of unemployed increased by 3.2 percent while employment fell by 0.1 percent.

The number of unemployed increased by 81 thousand from the previous month to 2.613 million in September, while the number of employed dropped by 34 thousand to 23.308 million and those detached from the labour force decreased by 43 thousand to 13.296 million.

Youth unemployment rate, measuring job-seekers between 15 and 24 years old, rose to 31.6 percent from 31.3 percent in August. 

The country's overall employment rate, one of the lowest in the Euro Area, declined to 58.8 percent in September from 58.9 percent in the previous period. The labour force participation rate went up to 65.5 percent from 65.4 percent.

In the third quarter as a whole, there was a significant fall in unemployment compared with the April-to-June period (-180 thousand) while employment was broadly stable, with temporary employment increasing and permanent contracts declining.

Italy Jobless Rate Rises More than Expected in September


Istat | Joana Ferreira | joana.ferreira@tradingeconomics.com
10/31/2018 9:41:49 AM