Italy

Unemployment in Italy drops to 9.5%, lowest level since 2011

cde.news desk 30 September 2019, 16:30 · 1 min read

epa05530866 Workers unload pipes for the Trans-Adriatic Pipeline (TAP), in Spitalle, Albania, 08 September 2016. TAP is a natural gas pipeline project which will start in Greece and cross Albania and the Adriatic Sea to end in southern Italy bringing gas from the Caspian region to European markets. EPA/ARMANDO BABANI

Italy’s unemployment rate dropped to 9.5% in August, a fall of 0.3 of a percentage point on the previous month, taking it down to the lowest level since November 2011, ISTAT said on Monday.

The national statistics agency said the jobless rate for 15-to-24-year-olds who are on the labour market dropped 1.3 points to 27.1%, the lowest level since August 2010.

ISTAT said that in August 2019 the employment rate stayed steady at 59.2%, with the number of people over 50 aged in work up by 34,000 but down for other age groups.

It said the number of people aged 15-64-year-olds considered “inactive”, as they are not in work or actively seeking employment, increased by 73,000.
This took the ‘inactivity rate’ up to 34.5%, a rise of 0.2 of a percentage points.

Via ANSA

Filed under Economy Italy

Topics Economy istat Italy Unemployment

Unemployment in Italy drops to 9.5%, lowest level since 2011

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