Italy Jobless Rate At Highest Level Since June 2015


Italy's seasonally adjusted jobless rate increased to 11.9 percent in November 2016 from an upwardly revised 11.8 percent in the previous month. It was the highest figure since June 2015, as the number of unemployed persons rose 1.9 percent while employment edged up 0.1 percent.

There were 3.089 million unemployed people, 57 thousand more than in the previous month. Employment rose by 19 thousand to 22.775 million and those detached from the labour force decreased by 93 thousand to 13.509 million.

Youth unemployment, measuring job seekers between 15 and 24 years old, also rose to 39.4 percent, its highest level since October of 2015, from a revised 37.6 percent in October. 

The overall employment rate, one of the lowest in the Eurozone, was up slightly at 57.3 percent from a previous 57.2 percent.

Istat | Joana Ferreira | joana.ferreira@tradingeconomics.com
1/9/2017 10:31:42 AM