2018 Economic Calendar
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Italy : Unemployment Rate  
Released On 3/13/2018 5:00:00 AM For Q4:2017
PriorConsensusActual
Level11.2 %11.0 %11.0 %

Highlights
As indicated in the monthly reports already released, the jobless rate fell a couple of ticks to 11.0 percent in the fourth quarter of 2017. This was the lowest quarterly reading since the third quarter of 2012.

Unemployment has been trending down since early last year and reached a trough in December at 10.9 percent. January 2018 saw a 0.2 percentage point rise to 11.1 percent but this could prove only temporary given the inherent volatility of the monthly data. Even so, the latest readings still leave Italy with the third highest rate in the entire EU and compare with an average national rate of just 6.1 percent in 2007, before the onset of the Great Recession.

The persistently high level of Italian joblessness reflects the sluggishness of the domestic economic recovery and the desperate need for labour market reform. The inconclusive election held earlier this month suggests little change on either front over the foreseeable future.

Definition
The unemployment rate measures the number of unemployed as a percentage of the labour force. In addition to the quarterly data, a less detailed monthly report is also available.  Why Investors Care
 
 

2018 Release Schedule
Released On: 3/136/129/1212/12
Release For: Q4:2017Q1 2018Q2 2018Q3 2018
 


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