Italian youth unemployment stands at 42.9%

Some 3.2 million Italians jobless, highest since 2004

31 October, 12:19

    (ANSAmed) - ROME, OCTOBER 31 - The jobless rate among 15-to-24-year-old Italians who are on the labour market was 42.9% in September, Istat said on Friday in its provisional calculation. The national statistics agency said this was 0.8 of a percentage point down on August, but 1.9 higher than in September 2013. Istat said that there were 698,000 unemployed aged 15-to-24 last month - 11.7% of the total for this age range, when one includes in the calculation young people who are in education, training and others who are not actively looking for work.

    Unemployment climbed back up to a record level of 12.6% in September, up 0.1 of a percentage point both on August and on September 2013, Istat said. The unemployment rate had already hit the 12.6% mark several times this year. The national statistics agency said 3.236 million Italians were unemployed in September, the highest level since it started using its current calculation method in 2004. The nominal unemployment figure is 48,000 (1.5%) higher than in August and 58,000 (1.8%) up on the same month in 2013. Istat added that the number of people in work was 22.457 million in September, 82,000 (0.4%) up on August and 130,000 (0.6%) up on the same month in 2013.(ANSAmed).

    © Copyright ANSA - All rights reserved

    Business opportunities

    The information system of business
    opportunities abroad

    News from Mediterranean