NVDA gained a massive 197% since our AI first added it in November - is it time to sell? 🤔Read more

Italy Jan jobless rate edges up to 7.9%, with 35,000 jobs created

Published 02/03/2023, 09:09
Updated 02/03/2023, 09:18
© Reuters. FILE PHOTO: A man sits outside a closed restaurant at Campo de' Fiori in Rome, Italy January 22, 2021. REUTERS/Guglielmo Mangiapane
RATE
-

ROME (Reuters) - Italy's unemployment rate rose slightly to 7.9% in January from an unrevised 7.8% the month before, national statistics bureau ISTAT said on Thursday.

A Reuters survey of analysts had forecast a jobless rate of 7.8%.

In January the youth unemployment rate, measuring job-seekers between 15 and 24 years old, increased to 22.9% from an upwardly revised 22.2% the month before.

Italy's overall employment rate in January marginally rose to 60.8%. The number of people in work rose by 35,000 from the month before.

ISTAT gave the following data:

JAN DEC NOV

JOBLESS RATE 7.9 7.8 7.8

YOUTH UNEMPLOYMENT RATE (15-24) 22.9 22.2r 23.3r

© Reuters. FILE PHOTO: A man sits outside a closed restaurant at Campo de' Fiori in Rome, Italy January 22, 2021. REUTERS/Guglielmo Mangiapane

EMPLOYMENT RATE (15-64) 60.8 60.7r 60.6r

r=revised

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.