“In May 2020 – comments the institute – monthly data on the labor market describe a different evolution compared to that of the previous months: compared to March and April, the decrease in employment is more contained, the number of unemployed rises significantly following the containment of the restrictions envisaged by the Dpcm of 26 April and a substantial recovery in hours worked is observed “. In practice, try to return some normalcy to the employment front.
But Covid’s wound is profound: “Nonetheless, since February 2020 the level of employment has fallen by over half a million units and job seekers by nearly 400 thousand, against an increase of inactive by almost 900 thousand units The effect on employment and unemployment rates is the decrease of more than one percentage point in three months. “
The decrease in employment on a monthly basis in May (-0.4% equal to -84 thousand units) mainly affects workers women (-0.7% versus 0.1% of men, equal to -65 thousand and -19 thousand respectively), employees (-0.5% equal to -90 thousand) and under 50s while self-employed and over-fifties slightly increase. Overall, the employment rate drops to 57.6% (-0.2 percentage points).
The decrease in the number of employed workers in the last month only involves workers employees, with a more marked drop among those in term (-3.0%) compared to permanents (-0.1%); the independent ones instead show a slight increase (+ 0.1%). In the twelve months, the decrease in the number of employed people is due to the decrease in fixed-term employees (-18.9%, -592 thousand) and independent workers (-3.8%, -204 thousand); permanent employees, on the other hand, are still growing (+ 1.2%, equal to +183 thousand).
People return to look for work: “The increase in people looking for work (+ 18.9% equal to + 307 thousand units) is more evident among women (+ 31.3%, equal to + 227 thousand units) compared to men (+ 8.8%, equal to + 80 thousand) and involves all age groups. The unemployment rate goes back to 7.8% (+1.2 points) and, among young people, to 23.5% ( +2.0 points) “.
The decrease in the number of inactive people was also generalized (-1.6%, equal to -229 thousand units): -1.7% among women (equal to -158 thousand units) and -1.3% among men (equal to – 71 thousand), with a consequent drop in the inactivity rate of 37.3% (-0.6 points).
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