The rate of employment in Italy has fallen by 0.2 percentage points (pp) to 60 per cent, according to the Italian National Institute of Statistics (Istat). In August 2022, the number of both employed and unemployed persons decreased, while a growth was recorded for inactive people.

On a monthly basis, the decline of employment (-0.3 per cent, -74 thousand) involved both genders and was widespread in all age groups, with the exception of people aged 15-24 years, for which remained stable.

In the last month, the drop of unemployed persons (-1.6 per cent, -31 thousand) was recorded for men and people aged under 35. The unemployment rate declined to 7.8 per cent (-0.1 pp) and the youth rate too to 21.2 per cent (-1.9 pp).

In August the increase of inactive people aged 15-64 (+0.7 per cent, +91 thousand) concerned both genders and all age groups. The inactivity rate rose to 34.8 per cent (+0.3 pp).

In the period June-August 2022, with respect to the previous quarter (March-May 2022), employment rose (+0.4 per cent, +85 thousand).

In the last three months, a drop was registered for both unemployed persons (-3.7 per cent, -76 thousand) and inactive people aged 15-64 years (-0.1 per cent, -19 thousand), Istat said.

Compared with August 2021, the number of employed persons increased by 1.8 per cent (+406 thousand), the growth concerned both genders and all age groups except 35-49 years; the employment rate showed an increase of 1.5 pp.

On a yearly basis, the rise of employed people was accompanied by a decrease of both unemployed persons (-14.1 per cent, -319 thousand) and inactive people aged 15-64 (-2.6 per cent, -344 thousand).

Fibre2Fashion News Desk (NB)

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