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Some signs of improvement begins to manifest to the labor market. In December, the preliminary estimate secndo Istat, there was a marked decline in unemployment. The percentage of those who are without a job falls to 12.9%, down 0.4 percentage points in November (+93 thousand more jobs). Istat noted that this is “the first sign of contraction after a period of growth that has persisted in the second half of the year.” Indeed, it is the lowest value since September. The increase in jobs comes despite the new formula of the Jobs Act at the start of 2015, did predict a shift in the start of work contracts for new opportunities.
Even youth unemployment, real scourge of the country, is down to 42%, the lowest since December 2013, so a year. But it is early to breathe a sigh of relief. Istat reports that in December “are occupied 918 000 young people between 15 and 24 years, down 0.7% (-7 thousand) compared to the previous month and 3.6% year on year (-34 thousand) ». Cala therefore the rate of youth employment and salt instead of the number of young inactive: is equal to 4 million 382 thousand, an increase of 0.9% in comparison cyclical (+37 thousand) and 0.4% year on year (+ 17 000).
Government came immediately comment satisfaction. The premier Renzi via Twitter and Labour Minister Poletti stressed that “it is the sign of a breakthrough that will arrive in early 2015″. The Institute says that in the last month of last year the employed were 22 million 422 000, “After the decrease observed in the previous two months, employment in December increased by 0.4% (+93 thousand), returning values close to those of September. YoY growth was 0.5% (+109 thousand). ” The employment rate, at 55.7%, increasing by 0.2 percentage points in quarterly terms and 0.3 points compared to twelve months before.
Less positive signals from the fact that the number of inactive people aged 15 to 64 years increased by 0.2% from the previous month; Also in November inactivity had reported a similar growth after the decline that began in April. On an annual basis inactivity remains down 1.9%. The inactivity rate, 35.8%, increased by 0.1 percentage points in quarterly terms and decreased by 0.6 points year on year.
Now is also the comment of the Bank of Italy Governor Ignazio Visco. The Quantitative Easing ECB takes the first positive signs for recovery in Italy but that growth is “stable and lasting” need to remove those “structural obstacles”, because of the delay of the country now also to some emerging economies and invest in human capital and education. The governor of the Bank of Italy recognizes the merits of two reforms undertaken by the government: the Jobs Act, “a step in the right direction and the good school that increase the weight of the component connected with the merit in the salaries of teachers.” Key elements because young people are facing “enormous difficulties.” Italy limps in fact that only euro area at the end of 2015-2016, GDP will return to pre crisis wing. A crisis that threatens’ to leave permanent marks on our economy. ” In Italy in fact the probability of being employed is the same (73%) is for graduates for graduates unlike other EU countries where higher education corresponds to a greater probability.
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