Italy’s unemployment rate went up to 10.5 percent from an upwardly revised 10.4 percent in the previous month and compared with market expectations of 10.3 percent. The number of unemployed increased by 0.6 percent and employment went up 0.1 percent. Unemployment Rate in Italy averaged 9.46 percent from 1983 until 2019, 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 10.10 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 9.40 in 12 months time. In the long-term, the Italy Unemployment Rate is projected to trend around 8.00 percent in 2020, according to our econometric models.

Italy Unemployment Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-11-30 09:00 AM Unemployment Rate 10.6% 10.3% 10.1% 9.9%
2019-01-09 09:00 AM Unemployment Rate 10.5% 10.6% 10.1% 10.2%
2019-01-31 09:00 AM Unemployment Rate 10.3% 10.5% 10.6% 10.3%
2019-03-01 09:00 AM Unemployment Rate 10.5% 10.4% 10.4% 10.2%
2019-04-01 08:00 AM Unemployment Rate 10.5% 10.2%
2019-04-30 08:00 AM Unemployment Rate 10.1%
2019-06-04 08:00 AM Unemployment Rate 10.1%



Italy Jobless Rate Rises to 10.5% in January

Italy’s unemployment rate went up to 10.5 percent from an upwardly revised 10.4 percent in the previous month and compared with market expectations of 10.3 percent. The number of unemployed increased by 0.6 percent and employment went up 0.1 percent.

The number of unemployed increased by 15 thousand from the previous month to 2.719 million in January and the number of employed rose by 21 thousand to 23.236 million, while those detached from the labour force fell by 22 thousand to 13.206 million. 

Youth unemployment rate, measuring job-seekers between 15 and 24 years old, went up to 33 percent from an upwardly revised 32.8 percent in December, making the highest level since October of 2017. 

The country's overall employment rate, one of the lowest in the Euro Area, came in at 58.7 percent, the same as in the previous month. The labor force participation rate came in at 65.7 percent, the same as in each of the previous two months.
In the three months to January, unemployment surged 35 thousand while employment decreased by 35 thousand compared with the previous period and those detached from the labour force dropped by 53 thousand. 

On an annual basis, unemployment declined by 144 thousand and employment surged 160 thousand while inactive people decreased by 129 thousand.


Istat | Agna Gabriel | agna.gabriel@tradingeconomics.com
3/1/2019 12:47:15 PM


News

Italy Jobless Rate Unexpectedly Falls to 4-Month Low of 10.3%
Italy’s unemployment rate fell to 10.3 percent in December of 2018 from 10.5 percent in the previous month and below market expectations of 10.6 percent. It was the lowest jobless rate since August of 2018, as the number of unemployed declined by 1.6 percent and employment went up 0.1 percent.
Published on 2019-01-31

Italy Jobless Rate Falls Less than Expected in November
Italy’s unemployment rate fell to 10.5 percent in November 2018 from 10.6 percent in the previous month but above market expectations of 10.1 percent. The number of unemployed declined by 0.9 percent while employment remained unchanged.
Published on 2019-01-09

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.
Published on 2018-11-30

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 Labour Last Previous Highest Lowest Unit
Unemployment Rate 10.50 10.40 13.10 5.80 percent [+]
Employed Persons 23235.56 23214.63 23326.58 22112.58 Thousand [+]
Unemployed Persons 2719.05 2703.90 3346.03 1412.49 Thousand [+]
Part Time Employment 35938.62 35080.58 36415.20 19609.13 Hundreds Person [+]
Full Time Employment 142720.63 144859.08 148487.11 132977.43 Hundreds Person [+]
Employment Rate 58.70 58.70 58.90 55.30 percent [+]
Labor Force Participation Rate 65.70 65.70 65.90 61.60 percent [+]
Long Term Unemployment Rate 5.60 6.40 8.00 2.60 percent [+]
Youth Unemployment Rate 33.00 32.80 43.40 19.40 percent [+]
Productivity 104.90 104.60 108.50 24.50 Index Points [+]
Labour Costs 108.70 108.60 108.70 44.50 Index Points [+]
Wages 2434.00 2431.00 2434.00 1165.00 EUR/Month [+]
Wages in Manufacturing 113.70 113.70 113.70 2.20 Index Points [+]
Wage Growth 1.70 1.80 15.80 0.30 percent [+]
Population 60.48 60.59 60.80 50.03 Million [+]
Retirement Age Women 67.00 66.58 67.00 59.00 [+]
Retirement Age Men 67.00 66.58 67.00 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 High Skilled 2340.00 2500.00 2650.00 2340.00 EUR/Month [+]
Employment Change -0.30 0.60 1.10 -0.90 percent [+]
Wages Low Skilled 1130.00 1330.00 1390.00 1130.00 EUR/Month [+]


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. 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 March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
10.50 10.40 13.10 5.80 1983 - 2019 percent Monthly




Country Last Previous
South Africa 27.10 Dec/18
Spain 14.45 Dec/18
Turkey 13.50 Dec/18
Brazil 12.00 Jan/19
Italy 10.50 Jan/19
Argentina 9.10 Dec/18
France 8.80 Dec/18
Euro Area 7.80 Jan/19
India 6.10 Dec/18
Saudi Arabia 6.00 Sep/18
Canada 5.80 Feb/19
Indonesia 5.34 Sep/18
Australia 4.90 Feb/19
Russia 4.90 Feb/19
United Kingdom 3.90 Jan/19
China 3.80 Dec/18
United States 3.80 Feb/19
South Korea 3.70 Feb/19
Mexico 3.60 Jan/19
Netherlands 3.40 Feb/19
Germany 3.20 Jan/19
Switzerland 2.70 Feb/19
Japan 2.50 Jan/19
Singapore 2.20 Dec/18


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