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Italy's jobless rate dipped in December

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Italy's jobless rate dipped in December
Italy's youth unemployment rate dropped by a percentage point in a month. Employment photo: Shutterstock
13:12 CET+01:00
The unemployment rate in Italy fell slightly to 12.9 percent in December, while the youth jobless rate also dropped, statistics agency Istat said on Friday.

Italy’s overall unemployment rate fell by 0.4 percent from November to December last year, although the 12.9 percent rate is still 0.3 percent higher than a year earlier.

Female jobseekers have a tougher time than their male counterparts, with women facing a 14.1 percent unemployment rate compared to 12.0 percent for men in Italy.

There was a more significant change among the under-25s, with youth unemployment dropping by a percentage point in a month to 42.0 percent. Despite the improvement, young jobseekers are still slightly worse off than a year ago when they faced a 41.9 percent unemployment rate.

Italy still has a long way to go to combat unemployment, from its current position as seventh-worst in Europe.

Young people in Italy suffer the fourth-highest jobless rate out of the EU’s 28 countries, behind Spain, Greece and Croatia.

Along with France and Finland, Italy was one of just three EU countries to see unemployment increase in the year to December.

Greece suffers the highest unemployment rate in Europe, hitting 25.8 percent in October, while the lowest rate was recorded in Germany, reaching 4.8 percent in December. 

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