Blog thumbnail

Italy Dec jobless rate edges down to 9.0% -ISTAT

Italy Dec jobless rate edges down to 9.0% -ISTAT

Blog thumbnail

ROME: Italy’s unemployment rate fell to 9.0% in December from a downwardly revised 9.1% the month before, national statistics bureau ISTAT said on Tuesday.

A Reuters survey of five analysts had forecast a December jobless rate of 9.2%. The November rate was previously reported as 9.2%. ISTAT said the number of both employed and inactive people was substantially stable in December.

In the three months to December employment was up by 0.3%, or 70,000 jobs, compared with the September-to-October period.

Compared to February 2020, the last month before COVID-19 began to batter Italy, the unemployment rate is still 0.6 points lower, while the employment rate has returned to the same level at 59.0%. The inactivity rate has risen to 3 5.1% from 34.6%.

In December, the youth unemployment rate, measuring job-seekers between 15 and 24 years old, fell to 26.8% from a downwardly revised 27.5% the month before.

The number of people looking for work in December fell 1.3% month-on- month and 7.6% year-on-year.

ISTAT gave the following data: DEC NOV OCT SEPT JOBLESS RATE 9.0 9.1r 9.3r 9.1r YOUTH UNEMPLOYMENT RATE (15-24) 26.8 27.5r 27.6r 28.9r EMPLOYMENT RATE (15-64) 59.0 59.0r 58.8r 58.7r r=revised

Subscribe as a member:

Visit us for WFM Learning Academy:

Skill and Up-skill to stay relevant for now and future. GWFM helps to create a future-ready WFM Talent in the organization 



236 SE 5th Avenue, New York 10000, U.S.A​

 Copyright ©2021-22  GWFM All the rights reserved 

Shopping cart


No products in the cart.

Hit Enter to search or Esc key to close