The unemployment rate in Italy dropped to 5.7% in November 2024, below market expectations of 6% and down from 5.8% in the previous month. This marked the lowest level since records began in January 1983, extending the period of tightness in the Italian labor market. The number of unemployed individuals fell by 24,000 to 1,457,000, which was the lowest since April 2007. Meanwhile, the number of net employment decreased by 13,000 to 24,065,000. The labor force participation rate held steady at 66.3%, its lowest in 21 months. source: National Institute of Statistics (ISTAT)
Unemployment Rate in Italy decreased to 5.70 percent in November from 5.80 percent in October of 2024. Unemployment Rate in Italy averaged 9.37 percent from 1983 until 2024, reaching an all time high of 13.20 percent in November of 2014 and a record low of 5.70 percent in November of 2024. 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 January of 2025.
Unemployment Rate in Italy decreased to 5.70 percent in November from 5.80 percent in October of 2024. Unemployment Rate in Italy is expected to be 5.90 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 7.20 percent in 2026, according to our econometric models.