Italy Jobless Rate Falls to 10.9% in February

Italy's seasonally adjusted unemployment rate fell to 10.9 percent in February 2018 from 11.1 percent in the previous month and below market expectations of 11 percent. February's rate matched December's five-year low.

The number of unemployed fell by 49 thousand from the previous month to 2.835 million in February, while employment grew by 19 thousand to 23.055 million and those detached from the labour force increased by 28 thousand to 13.399 million.

Youth unemployment rate, measuring job-seekers between 15 and 24 years old, rose to 32.8 percent from a revised 32.5 percent in January.

The country's overall employment rate, one of the lowest in the Euro Area, stood at 58 percent in February, unchanged from the previous month's revised figure. The labour force particpation rate edged down to 65.3 percent from 65.4 percent.

In the three months to February, 32 thousand jobs were lost compared with the September-to-November period. Temporary employment increased by 55 thousand while permanent contracts declined by 33 thousand and the self-employed fell by 53 thousand.

Italy Jobless Rate Falls to 10.9% in February

Istat | Joana Ferreira |
4/4/2018 8:46:25 AM