The unemployment rate in Italy remained at 9.3 percent in August of 2021, unchanged from July and slightly above market expectations of 9.2 percent. Along with the previous month, it is the lowest reading since May of 2020, as the number of employed decreased by 80 thousand to 22.78 million and the number of unemployed decreased by 4 thousand to 2.33 million, while the number of inactive people increased by 63 thousand to 13.59 million. The youth unemployment rate, measuring job seekers between 15 and 24 years old, remained unchanged from July at a downwardly revised 27.3 percent, the lowest mark since April of last year. source: National Institute of Statistics (ISTAT)

Unemployment Rate in Italy averaged 9.52 percent from 1983 until 2021, 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 October of 2021.

Unemployment Rate in Italy is expected to be 9.10 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 9.40 percent in 2022 and 9.10 percent in 2023, according to our econometric models.

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Italy Unemployment Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-09-01 08:00 AM Jul 9.3% 9.4% 9.7% 9.6%
2021-09-30 08:00 AM Aug 9.3% 9.3% 9.2% 9.2%
2021-11-03 09:00 AM Sep 9.3% 9.1%


News Stream
Italy Unemployment Rate Remains at Over 1-Year Low
The unemployment rate in Italy remained at 9.3 percent in August of 2021, unchanged from July and slightly above market expectations of 9.2 percent. Along with the previous month, it is the lowest reading since May of 2020, as the number of employed decreased by 80 thousand to 22.78 million and the number of unemployed decreased by 4 thousand to 2.33 million, while the number of inactive people increased by 63 thousand to 13.59 million. The youth unemployment rate, measuring job seekers between 15 and 24 years old, remained unchanged from July at a downwardly revised 27.3 percent, the lowest mark since April of last year.
2021-09-30
Italy Unemployment Rate Lowest since May 2020
The unemployment rate in Italy edged down to 9.3% in July of 2021 from a downwardly revised 9.4% in June, well below market forecasts of 9.7%. It is the lowest reading since May last year, as both employed (-23K) and unemployed (-29K) declined while the number of inactive people increased (+28K). The youth unemployment rate tumbled to 27.7% from 29.3%. "The strong growth recorded in the previous five months resulted in a balance of 550,000 more employed persons compared to January 2021. However, we have not yet returned to pre-pandemic levels. The number of employed people is more than 260,000 lower, the employment and unemployment rates remain lower, while the inactivity rate is 0.7 percentage points higher," ISTAT said.
2021-09-01
Italy Jobless Rate Lowest in 7 Months
The unemployment rate in Italy declined to 9.7% in June of 2021 from a downwardly revised 10.2% in May, well below market forecasts of 10.4%. It is the lowest level in 7 months as the economy added 166K jobs and the number of jobless people fell by 131K. There was also lees inactive people (-34K). The youth unemployment rate fell to 29.4% from 30.7% the month before, hitting its lowest level for more than a year. Considering Q2, employment rose by 223K and unemployment declined by 20K.
2021-07-30

Italy Last Unit Reference Previous Highest Lowest
Unemployment Rate 9.30 percent Aug/21 9.30 13.30 5.90
Unemployed Persons 2327.02 Thousand Aug/21 2331.08 3380.05 1418.09
Employed Persons 22783.21 Thousand Aug/21 22863.17 23463.80 21917.16
Full Time Employment 143060.67 Hundreds Person Dec/20 142891.60 148487.11 132977.43
Part Time Employment 35061.53 Hundreds Person Dec/20 34901.68 37249.12 19609.13
Employment Rate 58.10 percent Aug/21 58.30 59.30 54.80
Labor Force Participation Rate 64.50 percent Jul/21 64.60 66.00 61.20
Youth Unemployment Rate 27.70 percent Jul/21 29.30 43.40 19.50
Labour Costs 113.80 points Jun/21 113.10 117.00 44.50
Productivity 104.90 points Dec/17 104.60 108.50 24.50
Wages in Manufacturing 104.50 points Aug/21 104.50 104.50 2.00
Wage Growth 0.70 percent Aug/21 0.70 15.80 0.30


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.