Advertisement

Youth jobless rate hits record high in August

The Local Italy
The Local Italy - [email protected]
Youth jobless rate hits record high in August
Youth unemployment in Italy reached 44.2 percent in August. Photo: Job search photo: Shutterstock"

Italy’s jobless rate fell 12.3 percent in August, from 12.6 percent in July, but youth unemployment hit a record high of 44.2 percent.

Advertisement

The rate of unemployment among 15 to 24-year-olds in Italy crept up one percent in July, and 3.6 percent on the same month in 2012, the national statistics office, Istat, said on Tuesday.

Overall unemployment in August was down 0.3 percent on July and 0.1 percent on the same month last year.

The fresh data came as Italy's Prime Minister Matteo Renzi won backing from his Democratic Party for his controversial "Jobs Act", which will see less legal protection given to new hires.

Labour reforms have been the cornerstone of his plans to revive Italy's ailing economy, one of the most sluggish and indebted in the eurozone.
 

More

Join the conversation in our comments section below. Share your own views and experience and if you have a question or suggestion for our journalists then email us at [email protected].
Please keep comments civil, constructive and on topic – and make sure to read our terms of use before getting involved.

Please log in to leave a comment.

See Also