Italy Unemployment Rate Unchanged At 1-1/2-Year High


Italy's seasonally adjusted jobless rate stood at 11.9 percent in January 2017, unchanged from the revised December's figure and slightly lower than market expectations of 12 percent. It was the highest reading since June 2015, as the number of unemployed persons rose by 2 thousand from the previous month and employment increased by 30 thousand.

There were 3.097 million unemployed people, 2 thousand more than in the previous month. Employment rose by 30 thousand to 22.856 million and those detached from the labour force decreased by 42 thousand to 13.401 million.

Youth unemployment rate, measuring job-seekers between 15 and 24 years old, declined to 37.9 percent from 39.2 percent in December.

Italy's overall employment rate, one of the lowest in the Euro Area, edged up to 57.5 percent, its highest reading since May 2009, from 57.4 percent in December.

Istat | Joana Ferreira | joana.ferreira@tradingeconomics.com
3/2/2017 9:45:21 AM