Employment rate reached record high of 62.1% in March

Istat reports 425,000 year-on-year rise in no. of people in work

By: ansa.it

May 08 2024
20
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Employment rate reached record

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.