Unemployment in Italy

Italy Unemployment | Economic News & Forecasts

Italy - Unemployment

Available indicators point to a robust rebound in activity in Q3, after Q2’s historic collapse amid strict lockdown measures. Industrial output recovered strongly in July-August, while the manufacturing PMI rose further in September, and business sentiment improved throughout Q3. Moreover, employment figures continued to climb in August, while consumer confidence hit a six-month high in September, which likely supported household spending in the quarter—as suggested by retail sales growing year-on-year for the first time since March. Moving to Q4, rising Covid-19 cases and the tightening of some containment measures in October are likely weighing on economic momentum. Meanwhile, on 19 October the government approved an expansionary draft budget for 2021, which should sustain the recovery next year, together with EU funding. That said, strained public finances limited the size of the package.

Italy - Unemployment Data

2015   2016   2017   2018   2019  
Unemployment Rate11.9  11.7  11.2  10.6  9.9  

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Italy Unemployment Chart


Italy Unemployment
Note: Unemployment in % of active population.
Source: National Statistical Institute (ISTAT)

Italy Facts

Value Change Date
Bond Yield1.31-0.40 %Jan 01
Exchange Rate1.120.65 %Dec 31

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