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Home International Customs

Italy May unemployment rate rises to 11.3%

byCT Report
04/07/2017
in International Customs, Italy
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ROME: Italy’s unemployment rate rose in May to 11.3 percent after an upward revision to the previous month’s data, as some 51,000 jobs were lost, national statistics bureau ISTAT reported on Monday.

ISTAT revised up April’s rate to 11.2 percent from 11.1 percent.

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May’s data reversed a recent trend of job growth and falling unemployment.

In the three months to May employment was up by 65,000 compared with the December-to-February period, ISTAT said.

In May the youth unemployment rate, measuring job-seekers between 15 and 24 years old, rose for the second month running to 37.0 from an upwardly revised 35.2 percent in April.

Italy’s overall employment rate, one of the lowest in the euro zone, slipped in May to 57.7 percent from 57.8 percent in April.

 

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