Italy's unemployment rate increased to 9.8 percent in October 2020 from 9.7 percent in the previous month and compared to market expectations of 9.9 percent. The number of unemployed people rose by 11 thousand to 2.479 million, while employment fell by 13 thousand to 22.843 million, amid renewed coronavirus restrictions. Meantime, the number of inactive people was little changed at 25.322 million. When compared with the same month last year, jobless people went up by 43 thousand and employment was down by 473 thousand, while inactive people declined by 431 thousand. The youth unemployment rate, measuring job-seekers between 15 and 24 years old, rose to 30.3 percent from 29.7 percent in September. source: National Institute of Statistics (ISTAT)
Unemployment Rate in Italy averaged 9.47 percent from 1983 until 2020, reaching an all time high of 13.10 percent in November of 2014 and a record low of 5.80 percent in April of 2007. This page provides the latest reported value for - Italy Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Italy Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on December of 2020.
Unemployment Rate in Italy is expected to be 12.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Italy to stand at 11.40 in 12 months time. In the long-term, the Italy Unemployment Rate is projected to trend around 11.10 percent in 2021 and 10.20 percent in 2022, according to our econometric models.