Italy's unemployment rate increased unexpectedly in May to the highest level in nearly a year, data published by the statistical office Istat showed on Wednesday.
The seasonally adjusted jobless rate climbed to 6.5 percent in May from 6.1 percent in April. Meanwhile, economists had expected the rate to fall slightly to 6.0 percent.
Further, this was the highest rate since June 2024, when it was 6.7 percent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.