Italy Unemployment Rate Falls to 11.6%
The jobless rate in Italy decreased to 11.6 percent in October of 2016 from 11.7 percent in the previous month, matching market expectations. However, the economy shed 30 thousand jobs and 82 thousand more people left the labour force.
There were 2.989 million unemployed people, 37 thousand less than in the previous month. Employment fell by 30 thousand to 22.75 million and those detached from the labour force increased by 82 thousand to 13.64 million. As a result, the employment rate declined by 0.1 percentage point to 57.2 percent and the inactivity rate rose by 0.2 percentage points to 35.1 percent.
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Unemployment was steady at 11 percent for men but fell by 0.3 percentage points to 12.4 percent for women as more women were detached from the labour force. The inactivity rate for women went up by 0.3 percentage points to 45 percent while for men it increased by a smaller 0.1 percentage point to 25.2 percent.
Among youth, unemployment declined by 0.4 percentage points to 36.4 percent.