Joblessness in Italy nears 11%, hits eight-year high

31 July, 12:12

(ANSAmed) - ROME, JULY 31 - Unemployment in Italy hit an eight-year high in June, national statistics agency Istat said Tuesday. The rate of unemployment hit 10.8%, up 0.3 points since May and 2.7 points on the year, the study said. It is the highest rate of joblessness since January 2004, when such data was first collected on a monthly basis. On a quarterly basis, it is the highest rate since the third quarter of 1999.(ANSAmed).


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