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.