Finance
Italy Nov jobless rate falls to 5.7% but 13,000 jobs lost
Published by Global Banking & Finance Review®
Posted on January 7, 2025
2 min readLast updated: January 27, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on January 7, 2025
2 min readLast updated: January 27, 2026
Italy's jobless rate fell to 5.7% in November, the lowest since 2004, despite a loss of 13,000 jobs. Youth unemployment increased to 19.2%.
ROME (Reuters) - Italy's unemployment rate dipped to 5.7% in November, the lowest reading since the current series began in 2004, but 13,000 jobs were lost during the month, national statistics bureau ISTAT reported on Tuesday.
The jobless rate in October was 5.8% and a Reuters survey of 11 analysts had forecast a November reading of 5.9%.
In the September-to-November period, employment was up by 49,000 or 0.2%, compared with the previous three months, ISTAT said.
In November, the number of people in work was up by 328,000, or 1.4%, compared with November 2023.
In the same month, the number of so-called "inactive" people, who are neither in work nor looking for work, rose by 23,000, or 0.2%, from October, and by 323,000 (2.6%) on a yearly basis.
The youth unemployment rate, measuring job-seekers between 15 and 24 years old, rose to 19.2% in November from a revised 17.8% the month before.
Italy's overall employment rate, one of the lowest in the euro zone, was stable in November at 62.4%.
ISTAT gave the following data:
NOV OCT SEPT
JOBLESS RATE 5.7 5.8 6.0
YOUTH UNEMPLOYMENT RATE (15-24) 19.2 17.8r 18.9
EMPLOYMENT RATE (15-64) 62.4 62.4r 62.3r
r=revised
(Reporting by Antonella Cinelli, graphic by Stefano Bernabei; editing by Crispian Balmer)
The article discusses Italy's unemployment rate, which fell to 5.7% in November, despite job losses.
Youth unemployment in Italy rose to 19.2% in November from 17.8% in October.
Employment increased by 328,000 compared to November of the previous year.
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