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This article was published on December 30, 2014 at 17:15.
The last change is the December 30, 2014 at 17:48.
“The downturn in the Italian economy is expected to stop in the next few months, in the presence of positive signals to domestic demand. ” Supports Istat in Note monthly on the Italian economy in which it also notes that “labor market conditions remain difficult” with an “unemployment rate in growth.”
In Italy, in the third quarter, “economic activity has continued to be weak. The gross product was still in decline (-0.1% on a cyclical basis) as a result of the contraction of dell’accentuarsi added value both in manufacturing and in the construction (respectively -0.6% and -1.1%) but in the presence of a stationary in the service sector. “
The employment prospects
“The labor market is undergoing a total stagnation” and the unemployment rate “has continued to rise.” “The most recent data of the labor force employment describe basically stable since the beginning of the year, with a further deterioration in October (-0.2% compared to the previous month).” In the third quarter, the data relating to companies with at least ten employees, related to industry and market services, showed peròuna growth in hours worked both in terms of total number of hours (+ 0.4% compared to the second quarter) and the hours worked per employee (+ 0.3%). A similar trend was observed in industry excluding construction (+ 0.7% the number of hours, + 0.6% hours per employee), an industry that, at the same time, recorded a dec rease in the effective remedy to Checkout integration (50.7 hours per thousand hours worked, a decrease of 10.9 hours compared to the same quarter of 2013).
“The stagnation of the Italian labor market was also reflected in the nell’andamento 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, “he continues, Istat.
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 – it says – is also visible in the data is not seasonally adjusted: 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 in search of 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 long-term unemployed and discouraged
The growth of people looking for work is accompanied anyway to longer periods of unemployment: the incidence of long-term unemployed (share of people looking for work for over a year) rose in the current year from 56.9% to 62.3%. This group of individuals, generally considered unattractive by the companies, is a factor preventing a drop in unemployment especially in the South. The growth of the unemployed has also added that people defined closer to the labor market (+ 8.3% over the same quarter of the previous year). Among the inactive also grew those who have actively sought work because they believe that he could not find it (discouraged workers, + 6.5%). ” Overall, “the search for the workplace is characterized by contrasting elements: on the one hand new actors move in search of a job, the other people already on the market are experiencing increasing difficulties in finding a job.”
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