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- Italian unemployment rate rose 0.5% to 10.6% in October
Italian unemployment rate rose 0.5% to 10.6% in October
After the decline observed in the last month, in October 2018 the number of employed people is substantially unchanged. The employment rate stood at 58.7%, stable on the previous month.
For the second month the number of unemployed people increased (+2.4%, +64 thousand), involving women, men and all age groups. The unemployment rate rose to 10.6% (+0.2 percentage points in a month) and the youth rate slight increased to 32.5% (+0.1 percentage points).
In October, inactive people aged 15-64 decreased among both genders and all age groups excluded people aged 25-34 (-0.6%, -77 thousand). The inactivity rate declined to 34.2% (-0.2 percentage points).
In the period August-October 2018 employment went down compared with the previous quarter (-0.2%, -40 thousand). The decrease involved women, men and people aged 15-49, while over 50 grew.
In the same quarter, the fall of employment was accompanied by the decrease of unemployment (-2.5%, -70 thousand) while the inactivity went up (+0.4%, +56 thousand).
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