Italian unemployment drops

The unemployment rate in November dropped to 5.7% (-0.1 points) on a monthly basis, falling to the lowest level ever recorded since the beginning of the historical series in 2004, ISTAT said, CE Report quotes ANSA.

However, the unemployment rate for young workers climbed to 19.2% (+1,4 points), noted the statistics agency, releasing provisional estimates.

Also in November, compared to the previous month, the number of people in employment in Italy dropped by 13,000 (-0.1%) to reach 24 million and 65,000 workers.

The national statistics agency, however, said that the number of people in work was up by 328,000 (1.4%) compared to November 2023, according to provisional estimates.

The employment rate was stable at 62.4% under the provisional monthly estimate, Istat said.