Published by Global Banking & Finance Review®
Posted on January 30, 2025
1 min readLast updated: January 26, 2026
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Italy's unemployment rate rose to 6.2% in December as employment remained stable. Youth unemployment was steady at 19.4%, while GDP growth was stagnant.
ROME (Reuters) -Italy's unemployment rate rose to 6.2% in December from an upwardly revised 5.9% the month before, national statistics bureau ISTAT reported on Thursday, while employment levels were broadly stable during the month.
A Reuters survey of 12 analysts had forecast a December jobless rate of 5.7%, which was the previously reported figure for November.
Over the whole of the fourth quarter, employment in the euro zone's third largest economy was up by 27,000, or 0.1%, compared with the previous three months, ISTAT said.
In December, the number of people in work was up by 274,000, or 1.2%, compared with December 2023.
Employment has been growing in Italy despite a stagnant economy.
Gross domestic product was flat for a second consecutive quarter at the end of 2024, ISTAT reported earlier on Thursday, casting a shadow over growth prospects this year.
The youth unemployment rate, measuring job-seekers between 15 and 24 years old, was stable in December at 19.4%.
Italy's overall employment rate, one of the lowest in the euro zone, slipped in December to 62.3% from 62.4% the month before.
(Reporting By Gavin Jones, graphic by Stefano Bernabei)
Italy's unemployment rate rose to 6.2% in December from an upwardly revised 5.9% the month before.
In December, the number of people in work increased by 274,000, or 1.2%, compared to December 2023.
The youth unemployment rate, which measures job-seekers between 15 and 24 years old, remained stable in December at 19.4%.
The ISTAT report indicated that Italy's gross domestic product was flat for a second consecutive quarter at the end of 2024.
Italy's overall employment rate, one of the lowest in the euro zone, slipped in December to 62.3% from 62.4% the month before.
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