Italy Jobless Rate Steady at 11% in March

Italy's seasonally adjusted unemployment rate stood at 11 percent in March of 2018, the same pace as in the previous month and above market expectations of 10.9 percent.

The number of unemployed increased by 19 thousand from the prior month to 2.865 million in March and employement rose by 62 thousand to 23.134 million and those detached from the labour force fell by 104 thousand to 13.262 million.

Youth unemployment rate, measuring job-seekers between 15 and 24 years old, dropped to 31.7 percent from a revised 32.5 percent in February, posting its lowest level since December of 2011.

The country's overall employment rate, one of the lowest in the Euro Area, rose to 58.3 percent in March from an upwardly revised 58.1 percent in the prior month and hitting its highest level since October of 2008. The labour force participation rate picked up to 65.7 percent from 65.4 percent.

In the three months to March, 21 thousand jobs were created compared with the last quarter of 2017. Temporary employment grew by 7 thousand while permanent contracts declined by 2 thousand and the self-employed increased by 56 thousand.

Italy Jobless Rate Steady at 11% in March

Istat | Stefanie Moya |
5/2/2018 9:08:47 AM