Italy’s unemployment rate decreases to 12.0% in July, the lowest level since February 2013

Market news

1 September 2015

Italy’s unemployment rate decreases to 12.0% in July, the lowest level since February 2013

The Italian statistical office Istat released its unemployment data on Tuesday. The seasonally adjusted unemployment rate decreased to 12.0% in July from 12.5 in June. It was the lowest level since February 2013.

The number of unemployed people was 3.074 million in July, down by 4.4% from the month before.

The youth unemployment rate fell to 40.5% in July from 43.0% in June. It was the lowest youth unemployment rate since July 2013.

The employment rate increased to 56.3% in July from 56.2% in June.

International Monetary Fund Managing Director Christine Lagarde expects the global growth to be weaker than expected earlier

Construction spending in the U.S. is up 0.7% in July

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