Italy's unemployment rate rose to 9.7 percent in July of 2020 from an upwardly revised 9.3 percent in the previous month and above market expectations of 9.1 percent. It was the highest jobless rate since September of 2019, as the coronavirus pandemic continues to hit the labour market. The number of unemployed people increased by 134 thousand to 2.454 million and employment went up by 85 thousand to 22.811 million. The youth unemployment rate, measuring job-seekers between 15 and 24 years old, rose to 31.1 percent from 29.6 percent in June, the highest since February of 2019. The employment rate, one of the lowest in the Euro Area, edged up to 57.8 percent from 57.6 percent.
Unemployment Rate in Italy averaged 9.47 percent from 1983 until 2020, reaching an all time high of 13 percent in November of 2014 and a record low of 5.80 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 September of 2020. source: National Institute of Statistics (ISTAT)
Unemployment Rate in Italy is expected to be 11.10 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 11.60 in 12 months time. In the long-term, the Italy Unemployment Rate is projected to trend around 11.10 percent in 2021 and 10.20 percent in 2022, according to our econometric models.