Italy’s jobless rate fell to 7.4% in June 2023, less than market expectations of 7.7% and the lowest since April 2009, retreating from the 7.5% in the previous month. The figure aligned with a continuously tight labor force in the Eurozone, adding leeway for the European Central Bank to extend its tightening campaign. The number of unemployed individuals fell by 44 thousand to 1.867 million in the period, the sharpest decline since January 2022. Meanwhile, that of employed individuals increased by 82 thousand to 23.590 million. The labor force participation also edged up to 66.5% in June from the revised 66.4% in May. On the other hand, the youth unemployment rate dropped by 0.4 percentage point to 21.3%. source: National Institute of Statistics (ISTAT)

Unemployment Rate in Italy averaged 9.46 percent from 1983 until 2023, 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 August of 2023.

Unemployment Rate in Italy is expected to be 7.80 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 7.90 percent in 2024 and 8.00 percent in 2025, according to our econometric models.

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Italy Unemployment Rate



Calendar GMT Reference Actual Previous Consensus TEForecast
2023-06-30 08:00 AM May 7.6% 7.8% 7.9% 7.8%
2023-08-01 08:00 AM Jun 7.4% 7.5% 7.7% 7.7%
2023-08-31 08:00 AM Jul 7.4% 7.4% 7.4%


Related Last Previous Unit Reference
Unemployment Rate 7.40 7.50 percent Jun 2023
Unemployed Persons 1866.79 1910.89 Thousand Jun 2023
Employed Persons 23589.80 23507.85 Thousand Jun 2023
Part Time Employment 3477.00 3505.00 thousand Mar 2023
Full Time Employment 14763.00 14798.00 Thousand Mar 2023
Employment Rate 61.50 61.30 percent Jun 2023
Labor Force Participation Rate 66.50 66.40 percent Jun 2023
Youth Unemployment Rate 21.30 21.70 percent Jun 2023
Labour Costs 110.70 107.90 points Mar 2023
Productivity 110.70 107.90 points Mar 2023
Wages in Manufacturing 110.20 107.20 points Jun 2023
Wage Growth 3.10 2.40 percent Jun 2023

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
7.40 7.50 13.20 5.90 1983 - 2023 percent Monthly
SA

News Stream
Italy Unemployment Rate Lowest Since April 2009
Italy’s jobless rate fell to 7.4% in June 2023, less than market expectations of 7.7% and the lowest since April 2009, retreating from the 7.5% in the previous month. The figure aligned with a continuously tight labor force in the Eurozone, adding leeway for the European Central Bank to extend its tightening campaign. The number of unemployed individuals fell by 44 thousand to 1.867 million in the period, the sharpest decline since January 2022. Meanwhile, that of employed individuals increased by 82 thousand to 23.590 million. The labor force participation also edged up to 66.5% in June from the revised 66.4% in May. On the other hand, the youth unemployment rate dropped by 0.4 percentage point to 21.3%.
2023-08-01
Italian Unemployment Rate at Post-Pandemic Low
Italy’s jobless rate fell to 7.6% in May of 2023, below market expectations of 7.9% at the lowest since the Covid pandemic triggered a labor force crisis in April 2020, retreating from the 7.8% in the previous month. The figure was aligned with a continuously tight labor force in the Eurozone, adding leeway for the European Central Bank to extend its tightening momentum in its upcoming meetings. The number of unemployed individuals fell by 34 thousand to 1.935 million in the period, the sharpest decline since February 2022. In the meantime, that of employed individuals increased by 21 thousand to 23.471 million. Still, the labor force participation was unchanged at 66.3% for the third consecutive month. On the other hand, the youth unemployment rate rose by 1 percentage point to 21.7%.
2023-06-30
Italy Jobless Rate Falls to 3-Year Low
Italy's jobless rate eased to 7.8% in April 2023, the lowest in three years, from an upwardly revised 7.9% in March and in line with market expectations. The number of unemployed people decreased by 14 thousand people to 1,986 million, while the number of employed individuals rose by 48 thousand to 23.446 million. The labor force participation rate went up to 66.4% from 66.3% and the employment rate, one of the lowest in the Eurozone, was stable at 61.0%. Meanwhile, the youth unemployment rate, measuring job-seekers between 15 and 24 years old, fell to 20.4% from 21.8% the month before, its lowest level since 2008. In April 2022, the jobless rate was higher at 8.2%. The number of employed was up by 390,000 from last year due to an increase in permanent employees and the number of self-employed, which offset a decrease in temporary employees.
2023-06-01