Italy Unemployment Rate at 2-Year Low

The jobless rate in Italy fell to 12 percent in July from a downwardly revised 12.5 percent in June, the lowest since July of 2013 and below market forecasts.

The number of unemployed persons fell by 4.4 percent over the previous month (-143 thousand). Youth unemployment rate decreased to 40.5 percent from a revised 43.1 percent in June. 

44 thousand new jobs were created in July. As a result, 22.48 million people were employed in July, (+ 0.2 percent), bringing the employment rate up to 56.3 percent from 56.2 percent in June.

The number of inactive persons rose 0.7 percent (+99 thousand), bringing the inactivity rate to 35.9 percent.

Italy Unemployment Rate at 2-Year Low

Istat | Joana Taborda |
9/1/2015 11:09:06 AM