Unemployment down to 7-year low of 6.2% in August

No. of people in work up by 494,000 year-on-year

By: ansa.it

Oct 06 2024
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Unemployment down to 7-year lo

Italy's unemployment rate in Italy dropped to 6.2% in August from 6.4% in July, ISTAT said Wednesday.
    It was the lowest rate recorded since September 2007 when it was also 6.2%.
    The national statistics agency added that 1.5 million people were seeking a job, down by 46,000 compared to July and by 355,000 with respect to August 2023.
    ISTAT said the number of people in employment in Italy increased by 45,000 in August with respect to July to reach 24.8 million.
    The number of people in employment was up by 494,000 compared to August 2023, up 2.1%, the statistics bureau added. On a monthly basis, the increase in employment (+0.2%) affected men and all age groups except those aged 35-49, for whom a decline in employment was observed, as well as for women. Overall, the employment rate remained unchanged at 62.3%, ISTAT said.