Italy Employment Rate Hits Record 62.7% as Jobless Rate Falls to 5.3%

1 articles · Updated · aman-alliance.org · Jun 13

24.207 million Italians were employed in the first quarter, up 67,000 from the previous three months and lifting the employment rate to a record 62.7%, ISTAT said.
The jobless rate dropped 0.4 percentage point to 5.3%—the lowest since the quarterly series began in 2004—as the number of unemployed fell by 110,000 from Q4 and 394,000 year on year.
A 72,000 rise in self-employed workers and a 9,000 increase in fixed-term staff drove the quarterly gain, more than offsetting a 13,000 decline in permanent employees.
The stronger labor market was tempered by a 0.1-point rise in the inactivity rate to 33.7%, with 44,000 more people aged 15-64 outside the labor force than in the prior quarter.