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European Economic News

Italy's Jobless Rate Rises Unexpectedly In June

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

Italy's unemployment rate increased unexpectedly in June, the statistical office Istat revealed Friday.

The jobless rate rose to a seasonally adjusted 12.7 percent from 12.5 percent in the previous month. It was forecast to fall to 12.3 percent in June.

The number of unemployed totaled 3.233 million in June, up 1.7 percent from the prior month and 2.7 percent from the previous year.

The youth unemployment rate aged between 15 and 24 came in at 44.2 percent in June, up 1.9 percentage point from the prior month.

The number of persons employed was 22.3 million, down 0.1 percent from the previous month and 0.2 percent from a year ago.

Employment rate for persons aged between 15 and 64 was 55.8 percent, down 0.1 percentage points from the prior month and remained stable from a year earlier.

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