Italy Unemployment Rate

Country:
Italy
EUR, Euro
Sector:
Labor
Medium 7.8% 9.0%
6.6%
Last release Importance Actual Forecast
Previous
8.6%
7.8%
Next release Actual Forecast
Previous
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Italy's Unemployment Rate economic indicator measures the percentage of unemployed people among the total labor force. An unemployed person is defined as someone aged 15-74 without work, who has actively sought employment during the last four weeks and is available to start work within the next two weeks. The month-over-month indicator measures a change in the unemployment rate in the given month compared to the previous month. The indicator is seasonally adjusted.

The recent statistics show that the unemployment rate can be higher in some of the Southern Italian regions, while it is lower in regions situated in North. Nationwide youth unemployment rates are even higher. As a consequence of this, a lot of young people live with their parents.

The downward tendencies have a positive effect on the currency of a country (EUR as far as Italy is concerned), because the employed people spend more money and therefore the consumption represents a significant part of the GDP, therefore lower values are taken as positive for the EUR (bullish). Rising readings result in loss of income for individuals and increased pressure on government due to social benefits, and thus high unemployment rates are considered negative (bearish) for the EUR.

Last values:

actual data

forecast

The chart of the entire available history of the "Italy Unemployment Rate" macroeconomic indicator. The dashed line shows the forecast values ​​of the economic indicator for the specified dates.

A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values ​​of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.

Date (GMT)
Reference
Actual
Forecast
Previous
May 2020
7.8%
9.0%
6.6%
Apr 2020
6.3%
9.4%
8.0%
Mar 2020
8.4%
9.8%
9.3%
Feb 2020
9.7%
9.8%
9.8%
Jan 2020
9.8%
9.6%
9.8%
Dec 2019
9.8%
9.6%
9.8%
Nov 2019
9.7%
9.6%
9.7%
Oct 2019
9.7%
9.7%
9.9%
Sep 2019
9.9%
10.1%
9.6%
Aug 2019
9.5%
11.0%
9.8%
Jul 2019
9.9%
10.1%
9.8%
Jun 2019
9.7%
10.1%
9.8%
May 2019
9.9%
10.0%
10.2%
Apr 2019
10.2%
10.4%
10.2%
Mar 2019
10.2%
10.4%
10.5%
Feb 2019
10.7%
10.3%
10.5%
Jan 2019
10.5%
10.5%
10.4%
Dec 2018
10.3%
11.0%
10.5%
Nov 2018
10.5%
10.5%
10.6%
Oct 2018
10.6%
10.3%
Sep 2018
10.1%
9.8%
Aug 2018
9.7%
10.2%
Jul 2018
10.4%
10.8%
Jun 2018
10.9%
10.7%
May 2018
10.7%
11.0%
Apr 2018
11.2%
11.1%
Mar 2018
11.0%
11.0%
Feb 2018
10.9%
11.1%
Jan 2018
11.1%
10.9%
Dec 2017
10.8%
10.9%
Nov 2017
11.0%
11.1%
Oct 2017
11.1%
11.1%
Sep 2017
11.1%
11.1%
Aug 2017
11.2%
11.3%
Jul 2017
11.3%
11.2%
Jun 2017
11.1%
11.3%
May 2017
11.3%
11.2%
Apr 2017
11.1%
11.5%
Mar 2017
11.7%
11.5%
Feb 2017
11.5%
11.8%
Jan 2017
11.9%
11.9%
Dec 2016
12.0%
11.9%
Nov 2016
11.9%
11.8%
Oct 2016
11.6%
11.7%
Sep 2016
11.7%
11.5%
Aug 2016
11.4%
11.4%
Jul 2016
11.4%
11.6%
Jun 2016
11.6%
11.5%
May 2016
11.5%
11.6%
Apr 2016
11.7%
11.5%

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