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- Italy: the number of employed and unemployed persons decreased in July
Italy: the number of employed and unemployed persons decreased in July
According to the report from Istat, in July 2021 the number of both employed and unemployed persons decreased, while a growth was recorded for inactive people.
On a monthly basis, the slight decline of employment (-0.1%, -23 thousand) involved men, women and over 35. Overall, the employment rate remained stable at 58.4%.
In the last month, the drop of unemployed people (-1.2%, -29 thousand) concerned mainly men and youngest persons aged 15-24. The unemployment rate declined to 9.3% (-0.1 p.p.) while the youth rate dropped to 27.7% (-1.6 p.p.).
In July the increase of inactive people aged 15-64 (+0.2%, +28 thousand) was recorded only among men. The inactivity rate went up to 35.5% (+0.1 p.p.).
Compared with July 2020, the number of employed persons increased by 2.0% (+440 thousand), the growth concerning both genders and all age classes with the exception of people aged 35-49 years; the employment rate showed an increase of 1.4 p.p. .
On a yearly basis, the rise of employed people was accompanied by a decrease of both unemployed persons (-6.9%, -173 thousand) and inactive people aged 15-64 (-3.5%, -484 thousand).
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