Italy's unemployment rate decreased to 10.2 percent in February of 2021 from 10.3 percent in the previous month and above market expectations of 9 percent. The number of unemployed people decreased by 9 thousand to 2.518 million and employment rose by 6 thousand to 22.197 million. Meantime, the number of inactive people edged down by 2 thousand to 24.715 million. The youth unemployment rate, measuring job-seekers between 15 and 24 years old declined to 31.6 percent from 32.7 percent in January. source: National Institute of Statistics (ISTAT)
Unemployment Rate in Italy averaged 9.52 percent from 1983 until 2021, reaching an all time high of 13.30 percent in November of 2014 and a record low of 5.90 percent in April of 2007. This page provides the latest reported value for - Italy Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Italy Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on April of 2021.
Unemployment Rate in Italy is expected to be 12.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Italy to stand at 10.50 in 12 months time. In the long-term, the Italy Unemployment Rate is projected to trend around 9.90 percent in 2022 and 9.10 percent in 2023, according to our econometric models.