Editions:  Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland
Advertisement

Jobless rate hits new record in Italy

Share this article

Jobless rate hits new record in Italy
A man looks for job opportunities in Naples. Photo: Controluce/AFP
11:04 CET+01:00
Italy's unemployment rate reached a new record high of 12.7 percent in November from 12.5 percent in October, the official data agency Istat said on Wednesday.

Unemployment among 15-24-year-olds also rose to 41.6 percent - the highest level since records began.

The number of unemployed people in Italy is now 3.254 million, an increase of 351,000 from November 2012.

The figures underlined the scale of the challenges for Prime Minister Enrico Letta even after the end of the country's longest post-war recession in the third quarter of 2013 when the economy grew zero percent.

Italy's gross domestic product (GDP) has contracted by more than four percentage points over the past two years and public debt has continued to rise.

Istat says the economy will grow by 0.7 percent in 2014.

Don't miss a story about Italy - Join us on Facebook and Twitter.

Get notified about breaking news on The Local

Share this article

Advertisement

From our sponsors

Learn French in Switzerland: A fully immersive experience

Hiking in the Swiss Alps, visiting local chocolate factories, wine-tastings, jazz festivals and car shows are not part of your typical language course. Unless, that is, it’s an Alpadia language course.

Advertisement
Advertisement
Advertisement
Advertisement
Advertisement

Popular articles

Advertisement
Advertisement