Italy Unemployment Rate Up to 11.7%


Italy seasonally adjusted jobless rate increased to 11.7 percent in September of 2016 from an upwardly revised 11.5 percent in August and above market expectations of 11.4 percent. It is the biggest figure since February as the number of unemployed persons rose 2 percent while employment edged up at a slower 0.2 percent.

There were 3.016 million unemployed peopled and 22.836 million were employed. The employment rate went up to 57.5 percent from 57.3 percent as 45,000 jobs were created during September. In addition, the inactivity rate decreased to 34.8 percent. 

Youth unemployment rate, measuring job-seekers between 15 and 24 years old, declined to 37.1 percent from a downwardly revised 38.3 percent.

Italy Unemployment Rate Up to 11.7%


Istat | Joana Taborda | joana.taborda@tradingeconomics.com
11/3/2016 9:32:04 AM