The unemployment rate in Italy fell to 8.1 percent in May of 2022 from a downwardly revised 8.3 percent in the prior month, below market expectations of 8.4 percent. The figure marked the lowest unemployment rate since April of 2020. The number of unemployed fell by 44 thousand to 2 million people, offsetting a decrease of 49 thousand in the number of employed to 23 million. In the meantime, the labor force participation rose by 0.8 percentage points from the previous month to 65.2 percent. The youth unemployment rate, measuring job seekers between 15 and 24 years old, fell by 2.1 percentage points to 20.5 percent, its lowest level since April of 2008. source: National Institute of Statistics (ISTAT)
Unemployment Rate in Italy averaged 9.51 percent from 1983 until 2022, reaching an all time high of 13.30 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 June of 2022.
Unemployment Rate in Italy is expected to be 8.80 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 8.80 percent in 2023 and 8.60 percent in 2024, according to our econometric models.