Italy's unemployment rate increased to a record high in June, data released by statistical office Istat showed Tuesday.
The unemployment rate increased to 10.8 percent in June from 10.6 percent in May, which was revised up from 10.1 percent. Economists were looking for a jobless rate of 10.3 percent. The latest figure was the highest recorded since 1999.
There were around 2.79 million unemployed persons in June, up 2.7 percent compared to May. Year-on-year, unemployment climbed 37.5 percent, data showed.
At the same time, the employment rate edged down to 56.9 percent in June from 56.8 percent in the previous month. the number of persons in employment decreased by 0.1 percent month-on-month to around 22.97 million in June. Compared to June 2011, the number of employed increased by around 11,000, data showed.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.