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.

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Italy Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
9.80 9.70 13.10 5.80 1983 - 2020 percent Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-09-01 08:00 AM Jul 9.7% 9.3% 9.1% 9%
2020-10-01 08:00 AM Aug 9.7% 9.8% 10.1% 10.5%
2020-10-30 08:00 AM Sep 9.6% 9.7% 10.1% 11.1%
2020-12-02 09:00 AM Oct 9.8% 9.7% 9.9% 9.8%
2021-01-08 09:00 AM Nov 9.8%
2021-01-29 09:00 AM Dec
2021-03-03 09:00 AM Jan
2021-04-01 08:00 AM Feb


News Stream
Italy Unemploymente Rate Below Forecasts
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.
2020-12-02
Italy September Jobless Rate Below Forecasts
Italy's unemployment rate dropped marginally to 9.6 percent in September 2020, from 9.7 percent in the previous month and below market consensus of 10.1 percent. The number of unemployed people fell by 22 thousand to 2.439 million, while employment levels were little-changed at 22.953 million, as the labor market stabilized after a coronavirus lockdown. In addition, the number of inactive people declined by 15 thousand to 13.562 million. Still, when compared with the same month last year, jobless people fell by 59 thousand and employment was down by 387 thousand, while inactive people were up by 333 thousand.
2020-10-30
Italy Jobless Rate Falls to 9.7% in August
Italy's unemployment rate decreased to 9.7 percent in August of 2020 from an upwardly revised 9.8 percent in the previous month and well below market expectations of 10.1 percent. The number of unemployed people fell by 23 thousand to 2.467 million and employment rose by 83 thousand to 22.929 million. The youth unemployment rate, measuring job-seekers between 15 and 24 years old, rose to 32.1 percent from 31.8 percent in July, the highest since November of 2018. The employment rate, one of the lowest in the Euro Area, edged up to 58.1 percent from 57.8 percent.
2020-10-01
Italy Jobless Rate Climbs to 10-Month High
Italy's unemployment rate rose to 9.7 percent in July of 2020 from an upwardly revised 9.3 percent in the previous month and above market expectations of 9.1 percent. It was the highest jobless rate since September of 2019, as the coronavirus pandemic continues to hit the labour market. The number of unemployed people increased by 134 thousand to 2.454 million and employment went up by 85 thousand to 22.811 million. The youth unemployment rate, measuring job-seekers between 15 and 24 years old, rose to 31.1 percent from 29.6 percent in June, the highest since February of 2019. The employment rate, one of the lowest in the Euro Area, edged up to 57.8 percent from 57.6 percent.
2020-09-01

Italy Unemployment Rate
In Italy, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.