Italy’s unemployment rate decreases to 11.9% in August, the lowest level since February 2013

Market news

30 September 2015

Italy’s unemployment rate decreases to 11.9% in August, the lowest level since February 2013

The Italian statistical office Istat released its unemployment data on Wednesday. The seasonally adjusted unemployment rate decreased to 11.9% in August from 12.0 in July. It was the lowest level since February 2013.

The number of unemployed people was 3.061 million in August, down by 0.4% from the month before.

The youth unemployment rate climbed to 40.7% in August from 40.4% in July.

The employment rate increased to 56.5% in August from 56.3% in July.

U.S.: ADP Employment Report, September 200 (forecast 194)

Foreign exchange market. European session: the euro traded lower against the U.S. dollar after the mostly negative economic data from the Eurozone

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