Italian Jobless Rate Falls to 11.5% in October


Unemployment rate in Italy decreased to 11.5 percent in October of 2015, from a downwardly revised 11.5 percent in the previous month and below market expectations. It was the lowest value since December of 2012, as unemployment decreased by 0.5 percent while employment declined at a slower 0.2 percent.

In October, the number of unemployed persons declined by 13 thousand to 2.927 million while the number of employed persons went down by 39 thousand to 22.443 million. The employment rate was 56.3 percent (-0.1 p.p. compared to September) and inactivity rate was 36.2 percent (+0.1 p.p.). 

Youth unemployment rate (aged 15-24) increased by 0.3 p.p. to 39.8 percent.
Year-on-year, the number of unemployed fell by 12.3 percent while the number of employed increased by 0.3 percent.

Italian Jobless Rate Falls to 11.5% in October


Istat | Yekaterina Guchshina | yekaterina@tradingeconomics.com
12/1/2015 10:30:42 AM