Italy's unemployment rate unexpectedly went up to 7.5% in February 2024 from an upwardly revised 7.3% in January, beating market expectations of 7.2% and pointing to a cooldown in the labor market. The number of unemployed people rose by 46 thousand to around 1.912 million, while the number of employed individuals grew by 41 thousand to 23.773 million. Also, the youth unemployment rate, measuring job-seekers between 15 and 24 years old, increased to 22.8% from 22.1% in the previous month. source: National Institute of Statistics (ISTAT)

Unemployment Rate in Italy increased to 7.50 percent in February from 7.30 percent in January of 2024. Unemployment Rate in Italy averaged 9.43 percent from 1983 until 2024, reaching an all time high of 13.20 percent in November of 2014 and a record low of 5.90 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 April of 2024.

Unemployment Rate in Italy increased to 7.50 percent in February from 7.30 percent in January of 2024. Unemployment Rate in Italy is expected to be 7.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Italy Unemployment Rate is projected to trend around 7.30 percent in 2025 and 7.20 percent in 2026, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2024-03-01 09:00 AM
Unemployment Rate
Jan 7.2% 7.2% 7.2% 7.1%
2024-04-03 08:00 AM
Unemployment Rate
Feb 7.5% 7.3% 7.2% 7.1%
2024-05-03 08:00 AM
Unemployment Rate
Mar 7.5% 7.5%


Related Last Previous Unit Reference
Employed Persons 23772.87 23731.77 Thousand Feb 2024
Employment Rate 61.90 61.80 percent Feb 2024
Full Time Employment 15197.00 15149.00 Thousand Dec 2023
Job Vacancy Rate 1.90 2.10 percent Dec 2023
Labor Force Participation Rate 66.98 66.79 percent Feb 2024
Labour Costs 106.90 106.40 points Dec 2023
Part Time Employment 3575.00 3419.00 thousand Dec 2023
Productivity 106.90 106.40 points Dec 2023
Unemployed Persons 1912.13 1865.64 Thousand Feb 2024
Unemployment Rate 7.50 7.30 percent Feb 2024
Wage Growth 7.90 2.70 percent Dec 2023
Wages in Manufacturing 111.00 111.00 points Dec 2023
Youth Unemployment Rate 22.82 22.14 percent Feb 2024

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.
Actual Previous Highest Lowest Dates Unit Frequency
7.50 7.30 13.20 5.90 1983 - 2024 percent Monthly
SA

News Stream
Italy Unemployment Unexpectedly Rises
Italy's unemployment rate unexpectedly went up to 7.5% in February 2024 from an upwardly revised 7.3% in January, beating market expectations of 7.2% and pointing to a cooldown in the labor market. The number of unemployed people rose by 46 thousand to around 1.912 million, while the number of employed individuals grew by 41 thousand to 23.773 million. Also, the youth unemployment rate, measuring job-seekers between 15 and 24 years old, increased to 22.8% from 22.1% in the previous month.
2024-04-03
Italy Unemployment Remains Historically Low
Italy's unemployment rate remained unchanged at 16-year bottom of 7.2% in January 2024, matching market expectations and indicating a resilient labor market. The number of unemployed people edged down by 4 thousand to around 1.838 million, while the number of employed individuals declined by 34 thousand to 23.738 million. However, the youth unemployment rate, measuring job-seekers between 15 and 24 years old, rose to 21.8% from revised 21.6% in December but stayed historically low.
2024-03-01
Italy Jobless Rate Lowest in 16 Years
Italy's unemployment rate unexpectedly dropped to 7.2% in December 2023, the lowest in 16 years, from a downwardly revised 7.4% in the previous month. This compares to market estimates of 7.6%, indicating a resilient labor market. The number of unemployed people decreased by 50 thousand to around 1.829 million, while the number of employed individuals edged up by 14 thousand to 23.754 million. At the same time, the youth unemployment rate, measuring job-seekers between 15 and 24 years old, fell to 20.1% in December, from 20.5% in November, marking the lowest reading since July 2007.
2024-01-31