Italy's unemployment rate decreased more-than-expected in June, data published by the statistical office Istat showed on Thursday.
The seasonally adjusted jobless rate dropped to 6.3 percent in June from 6.5 percent in May. Economists had expected the rate to fall slightly to 6.4 percent.
In the corresponding month last year, the unemployment rate was 6.7 percent.
The number of unemployed people decreased by 71,000 to 1.621 million in June compared to the previous month.
Data also showed that the employment rate held steady at 62.9 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.