Italy Unemployment Rate Falls to 3-Year Low
The jobless rate in Italy declined to 11.3 percent in November of 2015 from 11.5 percent in the previous two months, below market expectations and reaching the lowest since December of 2012. Youth unemployment declined to 38.1 percent from 39.3 percent in October, the lowest since June of 2013.
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In November, the number of unemployed persons declined by 48 thousand to 2.871 million and the number of employed persons rose by 36 thousand to 22.48 million. The employment rate edged up 0.1 percent to 56.4 percent and inactivity rate went up to 36.3 percent from 36.2 percent.