• Italian unemployment rate unexpectedly fell in March

Market news

30 tháng 4 2019

Italian unemployment rate unexpectedly fell in March

According to the report from Istat, in March 2019, the number of employed people increased compared with February (+0.3%, +60 thousand); the employment rate rose to 58.9% (+0.2 percentage points). The increase of employment involved men and women and people aged 15-34 years (+69 thousand); rather stable the 35-49 years, while over 50 declined (-14 thousand).

The number of unemployed persons fell by 3.5% (-96 thousand); the decline involved men and women and all age classes. The unemployment rate dropped to 10.2% (-0.4 percentage points), the youth rate decreased to 30.2% (-1.6 percentage points).

In the period from January to March 2019, employment rose compared with the previous quarter (+0.2%, +46 thousand), even by gender. In the last quarter, the rise of employment was accompanied by the drop of unemployed persons (-1.8%, -50 thousand) and inactive people aged 15-64 years (-0.1%, -18 thousand).

On a yearly basis, the growth of employment was accompanied by the fall of unemployed persons (-7.3%, -208 thousand) and inactive people aged 15-64 (-0.3%, -35 thousand).

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