Unemployment drops to 5.7% in November, lowest since 2004
Rate climbs to 19.2% for young workers says ISTAT
The unemployment rate in November
dropped to 5.7% (-0.1 points) on a monthly basis, falling to the
lowest level ever recorded since the beginning of the historical
series in 2004, ISTAT said on Tuesday.
However, the unemployment rate for young workers climbed to
19.2% (+1,4 points), noted the statistics agency, releasing
provisional estimates.
Also in November, compared to the previous month, the number of
people in employment in Italy dropped by 13,000 (-0.1%) to reach
24 million and 65,000 workers.
The national statistics agency, however, said that the number of
people in work was up by 328,000 (1.4%) compared to November
2023, according to provisional estimates.
The employment rate was stable at 62.4% under the provisional
monthly estimate, Istat said.
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