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Italy unemployment rate rises in May

Staff Writer |
Italy's unemployment rate increased in May after falling in the previous month, preliminary figures from the statistical office Istat showed Monday.

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The seasonally adjusted jobless rate rose to 11.3% in May from 11.1% in April. Economists had expected the rate to climb to 11.2%.

In the corresponding month last year, the unemployment rate was 11.6%.

In May, unemployed people totaled 2.93 million, up 1.5% over the previous month.

The youth unemployment rate, which applies to the 15 to 24 age group, increased to 37.0% in May from 35.2% in the preceding month.


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