Italy Jobless Rate at 4-Month High of 10.7%


Italy's unemployment rate decreased to 10.7 percent in February 2019 from 10.5 percent in the previous month and above market expectations of 10.5 percent. The number of unemployed rose by 1.2 percent and employment dropped 0.1 percent.

The number of unemployed rose by 34 thousand from the previous month to 2.771 million in February 2019, while the number of employed went down by 14 thousand to 23.211 million and those detached from the labour force decreased by 14 thousand to 13.193 million.

Youth unemployment rate, measuring job-seekers between 15 and 24 years old, dropped to 32.8 percent from 32.9 percent in the prior month.

The country's overall employment rate, one of the lowest in the Euro Area, edged down to 58.6 percent in February from 58.7 in the previous month. The labor force participation rate stood at 65.7 percent for the fourth consecutive month.

On an annual basis, unemployment fell by 39 thousand and employment rose by 113 thousand while inactive people declined by 169 thousand.

Italy Jobless Rate at 4-Month High of 10.7%


Istat | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
4/1/2019 8:49:12 AM