Employment rate reached record high of 62.1% in March

Istat said Friday that Italy's
employment rate reached a record high of 62.1% in March after
rising 0.2 of a percentage point with respect to February.

   
The national statistics agency said the number of people in
employment was 23.849 million, up by 70,000 with respect to
February and by 425,000 compared to March 2023.

   
It said the year-on-year rise was driven by an increase of
559,000 in the number of people in permanent jobs and a 46,000
rise in the self-employed, while the number of workers on
temporary contracts dropped by 180,000.

   
Istat said the unemployment rate for March was 7.2%, down 0.2 of
a point on February.

   
It said the jobless rate for under-25s who are active on the
labour market fell by 2.3 points to 20.1%.

   
The agency said the inactivity rate was stable at 33.0%, even
though the absolute number of people aged aged 15 to 64 who are
not active on the labour market increased by 12,000 with respect
to February in absolute terms.

   

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