The unemployment rate in Italy fell to 8.1 percent in June of 2022 from an upwardly revised 8.2 percent in the prior month, in line with market expectations. The figure marked the lowest unemployment rate since April of 2020. The number of unemployed fell by 4 thousand to 2 million people, while the number of employed rose by 86 thousand to 23.1 million people. In the meantime, the labor force participation rate rose by 0.3 percentage points to 65.5. The youth unemployment rate, measuring job seekers between 15 and 24 years old, rose by 1.7 percentage points from the 14-year low of 23.1 percent last month to 23.1 percent. source: National Institute of Statistics (ISTAT)
Unemployment Rate in Italy averaged 9.50 percent from 1983 until 2022, reaching an all time high of 13.30 percent in November of 2014 and a record low of 5.90 percent in April of 2007. This page provides the latest reported value for - Italy Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Italy Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on August of 2022.
Unemployment Rate in Italy is expected to be 8.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Italy Unemployment Rate is projected to trend around 8.80 percent in 2023 and 8.60 percent in 2024, according to our econometric models.