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Italy's Jobless Rate Drops Unexpectedly In June

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Italy's jobless rate unexpectedly eased in June after stabilizing in May and April, data released by statistical office Istat showed Friday.

The seasonally adjusted rate of unemployment edged down to 8.5% in June from May's revised rate of 8.6%. The decrease was surprising as economists had forecast an increase to 8.8%.

Unemployment rate for women was higher than that of men. But it eased to 9.6% in June from 9.8% in May. The rate for males came down to 7.9% from 8.5%.

Total number of unemployed was 2.12 million in June, while the number of employed totaled 22.9 million. 14.87 million people were inactive in June.

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Global Economics Weekly Update - Jun 01 - Jun 05, 2026

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.