Italy's Jobless Rate Drops Unexpectedly In June

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.

by RTTNews Staff Writer

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