Unemployment in Italy

Italy Unemployment | Economic News & Forecasts

Italy - Unemployment

Revised national accounts confirmed the economy collapsed in the first quarter, hammered by the coronavirus outbreak and its associated lockdown measures, and it appears that the economy is contracting even more sharply in Q2. The manufacturing PMI slumped in April while business and consumer confidence dived in May, prompted by the extension of containment measures. In response, on 13 May, the government approved a EUR 55 billion stimulus plan to shore up the economy. The package, which comes on the heels of the EUR 25 billion stimulus passed in March, includes grants and tax breaks for firms; financial support to SMEs; income support for employees and the self-employed; and additional funding for temporary layoff schemes. The plan, coupled with slumping tax revenue, will inevitably translate into a widening budget deficit, exacerbating the country’s already-frail fiscal position and heightening risks of financial distress.

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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