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- Italian unemployment rate unexpectedly fell in March
Italian unemployment rate unexpectedly fell in March
According to the report from Istat, in March 2019, the number of employed people increased compared with February (+0.3%, +60 thousand); the employment rate rose to 58.9% (+0.2 percentage points). The increase of employment involved men and women and people aged 15-34 years (+69 thousand); rather stable the 35-49 years, while over 50 declined (-14 thousand).
The number of unemployed persons fell by 3.5% (-96 thousand); the decline involved men and women and all age classes. The unemployment rate dropped to 10.2% (-0.4 percentage points), the youth rate decreased to 30.2% (-1.6 percentage points).
In the period from January to March 2019, employment rose compared with the previous quarter (+0.2%, +46 thousand), even by gender. In the last quarter, the rise of employment was accompanied by the drop of unemployed persons (-1.8%, -50 thousand) and inactive people aged 15-64 years (-0.1%, -18 thousand).
On a yearly basis, the growth of employment was accompanied by the fall of unemployed persons (-7.3%, -208 thousand) and inactive people aged 15-64 (-0.3%, -35 thousand).
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