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Italy jobless rate falls unexpectedly in April

Staff Writer |
Italy's unemployment rate decreased unexpectedly in April, after remaining stable in the previous month, preliminary figures from the statistical office Istat showed Wednesday.

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The seasonally adjusted jobless rate dropped to 11.1% in April from 11.5% in March. Meanwhile, economists had expected the rate to rise to 11.6%.

In the corresponding month last year, the unemployment rate was 11.8%.

In April, unemployed people totaled 2.88 million, down 3.5% over the previous month.

At the same time, the employment rate rose to 57.9% in April from 57.7% in March.

The youth unemployment rate, which applies to the 15 to 24 age group, remained unchanged at 34.0% in April.


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