Italy Unemployment Rate

Italy's unemployment rate rose to 10.6 percent in October 2018 from an upwardly revised 10.3 percent in the previous month and above market expectations of 10.1 percent. The number of unemployed increased by 2.4 percent while employment remained broadly stable. Unemployment Rate in Italy averaged 9.46 percent from 1983 until 2018, reaching an all time high of 13.10 percent in November of 2014 and a record low of 5.80 percent in April of 2007.

Unemployment Rate in Italy is expected to be 10.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Italy to stand at 9.70 in 12 months time. In the long-term, the Italy Unemployment Rate is projected to trend around 8.80 percent in 2020, according to our econometric models.

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Calendar	GMT		Actual	Previous	Consensus	TEForecast
2018-08-31	08:00 AM	Unemployment Rate	10.4%	10.8%	10.8%	10.7%
2018-10-01	08:00 AM	Unemployment Rate	9.7%	10.2%	10.5%	10.5%
2018-10-31	09:00 AM	Unemployment Rate	10.1%	9.8%	9.9%	9.7%
2018-11-30	09:00 AM	Unemployment Rate	10.6%	10.3%	10.1%	9.9%
2019-01-09	09:00 AM	Unemployment Rate		10.6%
2019-01-24	09:00 AM	Unemployment Rate				10.3%
2019-03-01	09:00 AM	Unemployment Rate

Italy Jobless Rate Rises Unexpectedly in October

Italy's unemployment rate rose to 10.6 percent in October 2018 from an upwardly revised 10.3 percent in the previous month and above market expectations of 10.1 percent. The number of unemployed increased by 2.4 percent while employment remained broadly stable.

The number of unemployed increased by 64 thousand from the previous month to 2.746 million in October, while the number of employed was virtually unchanged at 23.255 million and those detached from the labour force decreased by 77 thousand to 13.201 million.

Youth unemployment rate, measuring job-seekers between 15 and 24 years old, edged up to 32.5 percent from 32.4 percent in September.

The country's overall employment rate, one of the lowest in the Euro Area, rose to 58.7 percent in October from 58.6 percent in the previous period. The labour force participation rate went up to 65.8 percent from 65.6 percent.

In the three months to October, unemployment fell by 70 thousand and employment by 40 thousand compared with the May-to-July period. Temporary employment increased while permanent contracts declined.

Istat | Joana Ferreira | joana.ferreira@tradingeconomics.com
11/30/2018 9:43:33 AM

Recent Releases

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.
Published on 2018-10-31

Italy Jobless Rate at Over 6-1/2-Year Low of 9.7%
The seasonally adjusted unemployment rate in Italy fell to 9.7 percent in August of 2018 from a downwardly revised 10.2 percent in the previous month and below market expectations of 10.5 percent. It was the lowest jobless rate since January of 2012.
Published on 2018-10-01

Italy Jobless Rate Falls to Lowest Since 2012
The seasonally adjusted unemployment rate in Italy fell to 10.4 percent in July of 2018 from a downwardly revised 10.8 percent in the previous month and below market expectations of 10.8 percent. It was the lowest jobless rate since March of 2012.
Published on 2018-08-31

Italy Jobless Rate Rises to 10.9% in June
The seasonally adjusted unemployment rate in Italy increased to 10.9 percent in June of 2018 from 10.7 percent in the previous month and above market expectations of 10.8 percent.
Published on 2018-07-31

Italy Labour	Last	Previous	Highest	Lowest	Unit
Unemployment Rate	10.60	10.30	13.10	5.80	percent	[+]
Employed Persons	23254.79	23307.66	23375.45	22110.80	Thousand	[+]
Unemployed Persons	2746.18	2612.81	3348.89	1411.38	Thousand	[+]
Part Time Employment	35331.72	35397.50	35825.92	19609.13	Hundreds Person	[+]
Full Time Employment	141063.95	142513.62	148487.11	132977.43	Hundreds Person	[+]
Employment Rate	58.70	58.60	58.90	55.30	percent	[+]
Labor Force Participation Rate	65.80	65.60	65.90	61.70	percent	[+]
Long Term Unemployment Rate	6.40	6.70	8.00	2.60	percent	[+]
Youth Unemployment Rate	32.50	32.40	43.30	19.40	percent	[+]
Labour Costs	107.00	105.00	108.50	44.50	Index Points	[+]
Productivity	104.90	104.60	108.50	24.50	Index Points	[+]
Wages	2434.00	2431.00	2434.00	1165.00	EUR/Month	[+]
Wages in Manufacturing	113.70	113.50	113.70	2.20	Index Points	[+]
Wage Growth	1.80	1.90	15.80	0.30	percent	[+]
Population	60.48	60.59	60.80	50.03	Million	[+]
Retirement Age Women	65.58	65.58	65.58	59.00		[+]
Retirement Age Men	66.58	66.58	66.58	59.00		[+]
Living Wage Family	1440.00	1460.00	1460.00	1320.00	EUR/Month	[+]
Living Wage Individual	935.00	950.00	950.00	825.00	EUR/Month	[+]
Wages Low Skilled	1130.00	1330.00	1390.00	1130.00	EUR/Month	[+]
Wages High Skilled	2340.00	2500.00	2650.00	2340.00	EUR/Month	[+]
Employment Change	0.50	0.20	1.10	-0.90	percent	[+]

In Italy, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. 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 - actual data, historical chart and calendar of releases - was last updated on December of 2018.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	10.60	10.30	13.10	5.80	1983 - 2018	percent	Monthly

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Country	Last		Previous	Range
South Africa	27.50	Sep/18	27.2	31.2 : 21.5	%
Spain	14.55	Sep/18	15.28	26.94 : 4.41	%
Brazil	11.70	Oct/18	11.9	13.7 : 6.2	%
Turkey	11.10	Aug/18	10.8	14.8 : 7.3	%
Italy	10.60	Oct/18	10.3	13.1 : 5.8	%
Argentina	9.60	Jun/18	9.1	20.8 : 5.9	%
France	9.10	Sep/18	9.1	10.7 : 7.2	%
Euro Area	8.10	Oct/18	8.1	12.1 : 7.3	%
Saudi Arabia	6.00	Jun/18	6.1	6.3 : 4.35	%
Canada	5.60	Nov/18	5.8	13.1 : 2.9	%
Indonesia	5.34	Sep/18	5.13	11.24 : 2	%
Australia	5.00	Oct/18	5	11.2 : 4	%
Russia	4.70	Oct/18	4.5	14.1 : 4.5	%
United Kingdom	4.10	Oct/18	4.1	12 : 3.4	%
China	3.82	Sep/18	3.83	4.3 : 3.82	%
South Korea	3.80	Nov/18	3.9	7.1 : 3	%
Netherlands	3.70	Oct/18	3.7	7.9 : 3.6	%
United States	3.70	Nov/18	3.7	10.8 : 2.5	%
India	3.52	Dec/17	3.51	8.3 : 3.41	%
Germany	3.30	Oct/18	3.4	11.5 : 0.4	%
Mexico	3.20	Oct/18	3.6	6.42 : 2.22	%
Switzerland	2.50	Nov/18	2.4	5.7 : 1.5	%
Japan	2.40	Oct/18	2.3	5.5 : 1	%
Singapore	2.10	Sep/18	2	6 : 1.4	%