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.