Italy Unemployment Rate

Unemployment Rate in Italy increased to 13 percent in February of 2014 from 12.90 percent in January of 2014. Unemployment Rate in Italy is reported by the National Institute of Statistics (ISTAT). Unemployment Rate in Italy averaged 9.14 Percent from 1983 until 2014, reaching an all time high of 13 Percent in February of 2014 and a record low of 5.90 Percent in April of 2007. In Italy, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides - Italy Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-23

Actual Previous Highest Lowest Forecast Dates Unit Frequency
13.00 12.90 13.00 5.90 13.00 | 2014/03 1983 - 2014 Percent Monthly

TO

Italy Unemployment Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2014-01-08 09:00 AM Italy
Unemployment  rate
Nov 2013 12.7% 12.5% 12.5% 12.6%
2014-01-31 09:00 AM Italy
Unemployment  rate
Dec 2013 12.7% 12.8% (R) 12.8% 12.8%
2014-02-28 09:00 AM Italy
Unemployment Rate
Jan 2014 12.9% 12.7% 12.7% 12.8%
2014-04-01 09:00 AM Italy
Unemployment Rate
Feb 2014 13.0% 12.9% 12.9% 12.9%
2014-04-30 09:00 AM Italy
Unemployment Rate
Mar 2014 13.0% 13%
2014-06-03 09:00 AM Italy
Unemployment Rate
Apr 2014 13.1%
[+]

Labour Last Previous Highest Lowest Forecast Unit
Population 59.39 2012-12-31 60.63 60.63 50.20 57.79 2013-12-31 Million [+]
Employed Persons 22215.91 2014-02-15 22254.64 23515.79 22215.91 22204.01 2014-03-31 Thousand [+]
Labour Costs 123.50 2013-11-15 123.90 124.90 44.50 124.63 2014-03-31 Index Points [+]
Labor Force Participation Rate 63.90 2013-11-15 62.80 64.10 57.20 63.11 2014-03-31 Percent [+]
Long Term Unemployment Rate 6.50 2013-09-30 6.80 7.60 2.60 7.76 2013-12-31 percent [+]
Productivity 123.50 2013-11-15 123.90 124.40 24.50 124.71 2014-03-31 Index Points [+]
Retirement Age Men 66.00 2013-01-01 66.00 66.00 59.00 66.00 2013-12-31 [+]
Retirement Age Women 62.25 2013-01-01 62.00 62.25 59.00 62.27 2013-12-31 [+]
Unemployed Persons 3306.82 2014-02-15 3299.20 3306.82 1433.68 3324.48 2014-03-31 Thousand [+]
Wages 105.10 2014-02-15 105.00 118.10 25.40 104.97 2014-03-31 Index Points [+]
Wages in Manufacturing 108.40 2014-02-15 108.30 122.20 2.60 108.59 2014-03-31 Index Points [+]
Youth Unemployment Rate 42.30 2014-02-15 42.40 42.40 19.00 42.74 2014-03-31 Percent [+]
Unemployment Rate 13.00 2014-02-28 12.90 13.00 5.90 13.00 2014-03-31 Percent [+]
[+]


Italy Unemployment Rate Edges Up in February

Italian seasonally adjusted jobless rate increased for the second consecutive month in February of 2014 to a new fresh high of 13.0 percent, up from 12.9 percent in the previous month, and 11.5 percent a year earlier. It is the highest level since records began.

The number of unemployed people at 3.307 million, increased 0.2 percent from the previous month and 9.0 percent over a year ago.

Youth unemployment rate (aged 15-24) was recorded at 42.3 percent, a marginal drop from 42.4 percent in the previous month.

February´s employment rate fell 0.8 percent over a year earlier to 55.2 percent and remained unchanged from January, corresponding to 22.216 million persons employed.

The inactivity rate remained unchanged from January of 2014 at 36.4 percent.

Istat | Isabel Felino | isabel.felino@tradingeconomics.com
4/1/2014 9:38:45 AM

RECENT RELEASES

Italy’s Unemployment Rate Up to New Record High
In January of 2014, Italian jobless rate rose to a new record high of 12.9 percent, up from 12.7 percent in the last month of 2013. The January rate is the highest since the data series began in 1977. Published on 2014-02-28

Italy Unemployment Rate Remains High in December
In December of 2013, Italian jobless rate was recorded at 12.7 percent, slightly down from a revised 12.8 percent rate for November, and near its highest in more than 40 years. Published on 2014-01-31


Unemployment Rate | Notes
The unemployment rate can be defined as the number of people actively looking for a job divided by the labour force. Changes in unemployment depend mostly on inflows made up of non-employed people starting to look for jobs, of employed people who lose their jobs and look for new ones and of people who stop looking for employment.


RELATED NEWS

Italian Trade Surplus Widens in February  
The trade surplus increased to EUR 2.6 billion in February of 2014, from a revised EUR 0.36 billion in the previous month, as exports increased at a faster pace than imports. Compared with a year earlier, the trade surplus more than doubled from EUR 1.05 billion.
Italy Inflation Rate Confirmed at 0.4% in March  
Italian consumer prices slowed to 0.4 percent year-on-year in March of 2014, the lowest rate since October of 2009 and matching the initial estimates. On a monthly basis, the inflation rate accelerated to 0.1 percent, up from a 0.1 percent fall in February.
Italy Unemployment Rate Edges Up in February  
Italian seasonally adjusted jobless rate increased for the second consecutive month in February of 2014 to a new fresh high of 13.0 percent, up from 12.9 percent in the previous month, and 11.5 percent a year earlier. It is the highest level since records began.
Italy Inflation Rate Down to 4-1/2-Year Low  
In March of 2014, annual consumer prices are expected to slow to 0.4 percent, down from 0.5 percent in the previous month and reaching the lowest rate since October of 2009. The slowdown was mainly due to a fall in prices of energy products and unprocessed food.
Italy Posts Trade Surplus in January  
Italy’s trade balance turned into a € 365 million surplus in January of 2014 compared with a € 1810 million deficit in the same period last year, as imports fell and exports rose slightly. Compared with the previous month, the trade surplus narrowed 89 percent.
Italy Inflation Confirmed at 0.5% in February  
Italian inflation rate rose at its lowest pace in four years of 0.5 percent in February of 2014, confirming the preliminary estimates. The slowdown was mainly due to volatile components, such as unprocessed food and energy.
Italian GDP Growth Confirmed in Q4  
Italian economy returned to growth in the last three months of 2013. Final estimates confirmed the GDP advanced 0.1 percent on a quarter-on-quarter basis, driven by exports and a marginal recovery in investments.
Italy’s Unemployment Rate Up to New Record High  
In January of 2014, Italian jobless rate rose to a new record high of 12.9 percent, up from 12.7 percent in the last month of 2013. The January rate is the highest since the data series began in 1977.
Italian Inflation Falls to 4-Year-Low of 0.5% in February  
In February, Italy's consumer price index rose by 0.5 percent with respect to February of 2013, its slowest pace since October of 2009. The slowdown was mainly driven by lower prices of energy and fresh food.
Italy’s Inflation Confirmed at 0.7% in January  
In January of 2014, the Italian consumer price index rose by 0.2 percent compared with the previous month and by 0.7 percent with respect to January of 2013, the same annual rate of December. Final data confirms the provisional estimates.
MORE RELATED NEWS

LATEST NEWS

Bank of Thailand Leaves Interest Rate Unchanged  
At its April 23rd, 2014 meeting, the Monetary Policy Committee left the benchmark interest rate on hold at 2.0 percent. Policymakers expect 2014 growth to be lower than previous assessed due to prolonged political unrest.
South Africa Inflation Rate Back to 6%  
South African annual consumer prices accelerated for the fourth straight month in March of 2014 to a six-month high 6 percent. On a monthly basis, prices advanced 1.3 percent, the fastest pace in five years.
Singapore Inflation Rate Edges Up in March  
Annual consumer prices rose 1.2 percent in March of 2014, up from a 0.4 percent increase in February, mainly due to a smaller fall in car prices. Contributions from all other major categories, except accommodation, were also slightly higher.
Australia Inflation Rate Accelerates Further in Q1  
Australian annual consumer prices advanced 2.9 percent in the first three months of 2014, up from 2.7 percent in the previous quarter, but below market forecasts. The rise was driven by seasonal increases in cost of healthcare, transport and school fees, and by a large hike in tobacco duties.
Mexico Unemployment Rate Up to 4.8% in March  
Mexican unadjusted jobless rate rose to 4.8 percent in March of 2014, up from 4.65 percent in February and 4.51 percent a year earlier. Upon seasonal adjustment, the unemployment rate rose to its highest in more than one year to 5.25 percent.
Hong Kong Unemployment Rate Unchanged in March  
Hong Kong’ seasonally adjusted jobless rate remained steady at 3.1 percent for the third consecutive period in January to March of 2014, down from 3.5 percent a year earlier.
Hong Kong Inflation Rate Unchanged in March  
Hong Kong annual consumer prices rose 3.9 percent in March of 2014, the same rate recorded in February. In the first quarter of 2014, the inflation rate rose by 4.2 percent over a year earlier. The corresponding increase after netting out the effects of all Government's one-off relief measures was 3.8 percent.
China Cuts Reserve Ratio for Rural Banks  
The People's Bank of China decided to cut the reserve requirement ratio by 2 percentage points for rural commercial banks and by 0.5 percentage point for rural credit cooperatives, aiming to stimulate growth in some parts of the country. The cut will be effective from April 25th, 2014.
Japanese Trade Deficit Widens in March  
Japan’s trade gap increased to a wider-than-expected ¥ 1446.3 billion in March of 2014, up from a revised ¥ 802.5 billion deficit in the previous month and a ¥ 356.9 billion gap a year earlier, as energy imports continued to rise.
Chile Leaves Monetary Policy Unchanged  
At its April 17th, 2014 meeting, Central Bank of Chile left the benchmark interest rate on hold at 4 percent, following last month's cut, citing low output and demand, but hinted possible future rate cuts, depending on domestic and external conditions.
MORE TOP NEWS

OVERVIEW    |     WORLBANK    |     [+] Calendar    |     [+] Countries    |     [+] Indicators    |     News






Markets

GDP

Labour

Prices

Money

Trade

Government

Business

Consumer

Taxes

Housing