Tuesday, September 30, 2014

Youth unemployment at record 44.2%. The overall rate … – The Republic

Youth unemployment at record 44.2%. The overall rate … – The Republic



Istat data for August: the global number of jobless always above 3 million, dropped by 2.6% compared to July. But among the under-25s are looking for a job without success 710mila guys, the top from the beginning of the time series 1977 In Germany, the unemployment rate is at 6.7%, Eurozone 11.5%

MILAN – While the political debate inside and outside The majority focuses on Article 18 and the Jobs Act by Statistics New arrive alarming data on the labor market tricolor. A market which, according to the same CNEL will need years and could still never return to the levels seen before the Great Recession.

According to Istat, the unemployment rate for 15-24 August in Italy was 44.2%, an increase of one percentage point from the previous month and by 3.6 points in twelve months. Young people are excluded from the calculation inactive, ie those who are not employed and not seeking work, for example because they engaged in their studies. Of the total population of young people, in fact, the unemployed are 11.9%, unchanged from July but up 0.7 percentage points compared to 2013.

The rate of last August represents the raggionto highest level since 2004, the beginning of the time series monthly, and since 1977, the beginning of the publications of quarterly time series. The unemployed are between 15-24 710mila and the youth employment rate stands at 15%, down 0.5 percentage points on the month and 1.4 points on the year, to a minimum in this helmet since 2004

In 1977 and within a year, Italy has lost 88 thousand employees under 25 years of age.

‘paradigmatic of the fact that the same data Istat are announced without the traditional press conference, as is the case for some time , to the protest of precarious workers of the Institute from 22 September, a meeting of 372 scientists, technologists and technicians fixed-term employees, recruited as a result of bankruptcy proceedings public, occupies protest the press room.

Returning to the data, those that affect the “future” of Italy, his young, overshadow the improvements on the overall rate. He explains that the Istat the number of unemployed, 3 million 134 thousand, decreases (in August) of 2.6% compared to the previous month (-82 thousand) and 0.9% on an annual basis (-28 thousand ). The unemployment rate is thus 12.3%, a decrease of 0.3 percentage points in quarterly terms and by 0.1 points in twelve months. Always busy the last month were 22.38 million, an increase of 0.1% compared to the previous month (+32 thousand) and essentially unchanged on an annual basis, for a rate to 55.7%.

The Italian rate is at a level almost twice that German: today Germany has announced an unemployment stable at 6.7% in September, as expected: the number of unemployed, adjusted for seasonal factors, rose by 13,000 to 2.918 million units, where it was expected to decline to 2,000 units.

negative signals also on the number of inactive individuals, between 15 and 64: the growing 0.2% compared to the previous month, although decreased by 0.5% compared to twelve months earlier. The inactivity rate, 36.4%, increased by 0.1 percentage points in quarterly terms while decreases by 0.1 percentage points on an annual basis.

data on the labor market also came from Eurostat In August, the unemployment rate in ‘ Eurozone was 11.5%, unchanged from July, but down from 12% a year earlier. In the EU the figure is 10.1%, the lowest level since February 2012; in July was 10.2%, a year before to 10.8%.

Overall, in the EU there were 24,642,000 unemployed, of whom 18.326 million in the Eurozone. Compared to July unemployed fell by 134,000 in the EU and by 137,000 in the eurozone; compared to August 2013 fell by 1.745 million in Ee and 834,000 in the Eurozone.

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