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.

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Italy Unemployment Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-06-30 08:00 AM May 8.1% 8.3% 8.4% 8.5%
2022-08-01 08:00 AM Jun 8.1% 8.2% 8.1% 8.2%
2022-09-01 08:00 AM Jul 8.1% 8.2%


Related Last Previous Unit Reference
Unemployment Rate 8.10 8.20 percent Jun 2022
Unemployed Persons 2031.01 2035.27 Thousand Jun 2022
Employed Persons 23070.11 22984.48 Thousand Jun 2022
Full Time Employment 143060.67 142891.60 Hundreds Person Dec 2020
Part Time Employment 35061.53 34901.68 Hundreds Person Dec 2020
Employment Rate 59.90 59.90 percent Apr 2022
Labor Force Participation Rate 65.20 65.40 percent May 2022
Youth Unemployment Rate 23.80 25.10 percent Apr 2022
Labour Costs 107.10 109.70 points Mar 2022
Productivity 104.90 104.60 points Dec 2017
Wages in Manufacturing 106.20 105.60 points Jun 2022
Wage Growth 1.00 0.90 percent Jun 2022

Italy Unemployment Rate
In Italy, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.
Actual Previous Highest Lowest Dates Unit Frequency
8.10 8.20 13.30 5.90 1983 - 2022 percent Monthly
SA

News Stream
Italian Unemployment Rate at 2-Year Low
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.
2022-08-01
Italian Unemployment at 2-Year Low
The unemployment rate in Italy fell to 8.1 percent in May of 2022 from a downwardly revised 8.3 percent in the prior month, below market expectations of 8.4 percent. The figure marked the lowest unemployment rate since April of 2020. The number of unemployed fell by 44 thousand to 2 million people, offsetting a decrease of 49 thousand in the number of employed to 23 million. In the meantime, the labor force participation rose by 0.8 percentage points from the previous month to 65.2 percent. The youth unemployment rate, measuring job seekers between 15 and 24 years old, fell by 2.1 percentage points to 20.5 percent, its lowest level since April of 2008.
2022-06-30
Italian Unemployment Unchanged at 2-Year Low
The unemployment rate in Italy was at 8.4 percent in April of 2022, remaining constant from the upwardly revised figure in March and compared to market expectations of 8.3 percent. The value matched the lowest since April of 2020 as the Italian labor market continued to consolidate its recovery from the pandemic. The number of unemployed fell by 17 thousand to 2.1 million, offsetting a decrease of 12 thousand in the number of employed to 23 million. In the meantime, the labor force participation decreased by 0.1 percentage point from the previous month to 65.4 percent. The youth unemployment rate, measuring job seekers between 15 and 24 years old, fell by 1.4 percentage points to 23.8 percent, its lowest level since May of 2009.
2022-06-01