Italy jobless rate falls unexpectedly in April
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. ■