Home » Business » Unemployment Rate in Italy Rises to 7.6% in July 2023, According to Istat

Unemployment Rate in Italy Rises to 7.6% in July 2023, According to Istat

Economy

According to the Institute of Statistics, the employed decrease and the unemployed and inactive increase

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In July, the unemployment rate in Italy rose by 0.2 points to 7.6 per cent. This was announced by Istat, reporting that in July 2023, compared to the previous month, the “employed decrease and the unemployed and inactive increase”. The drop in employment (-0.3%, equal to -73 thousand units), observed for men and women, employees and self-employed, only involves 25-49 year olds. “The employment rate drops to 61.3% (-0.2 points). Also the growth in the number of people looking for work (+1.9%, equal to +37 thousand units) involves both men and women and is limited to the middle age groups”, states Istat. The youth unemployment rate fell in the month to 22.1% (-0.2 points).

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2023-08-31 08:26:15
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