– There are encouraging signs for the future of the Italian economy. This was stated by ISTAT, which states that “the downturn is expected to stop in the next few months in the presence of positive signals to domestic demand.” “The conditions of the labor market – is stressed however by Statistics – remain difficult with the unemployment rate rising.”
The job market through short stagnated. The most recent data of the labor force, the report says Istat, describe employment stable since the beginning of the year, with a further deterioration in October (-0.2% compared to the previous month).
The stagnation of the Italian labor market was also reflected nell’andamento the vacancy rate: the seasonally adjusted data for the third quarter show that the indicator of labor demand remained anchored to the values of the beginning of the year. The unemployment rate has continued to rise: in October, the seasonally adjusted data showed growth of three-tenths of a point compared to September, reaching a maximum value of 13.2%, significantly more ‘higher than the European average (11.5 %).
The rise in the unemployment rate is also visible in the data is not seasonally adjusted: in the third quarter there was an increase of five-tenths of a point compared to the same quarter of 2013. The trend is due to the growth of people seeking employment (+ 5.8% increase in the trend) and between them is increased above the share of unemployed looking for their first job (+ 17.6%). The growth of people looking for work is accompanied by a lengthening of unemployment spells: the incidence of long-term unemployed (people seeking work for more than a year) has increased in the current year from 56.9% to 62.3%.
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