Italy's unemployment rate unexpectedly went up to 7% in June 2024 from an upwardly revised 6.9% in the previous month, above market estimates of 6.8% and pointing to a cooldown in the labor market. Still, it remains one of the lowest figures in over 15 years. The number of unemployed people rose by 23 thousand to around 1.792 million, while the number of employed individuals grew by 25 thousand to 23.949 million. Meanwhile, the youth unemployment rate, measuring job-seekers between 15 and 24 years old, remained unchanged at 20.5%. source: National Institute of Statistics (ISTAT)
Unemployment Rate in Italy increased to 7 percent in June from 6.90 percent in May of 2024. Unemployment Rate in Italy averaged 9.41 percent from 1983 until 2024, reaching an all time high of 13.20 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 2024.
Unemployment Rate in Italy increased to 7 percent in June from 6.90 percent in May of 2024. Unemployment Rate in Italy is expected to be 7.20 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 7.30 percent in 2025 and 7.20 percent in 2026, according to our econometric models.