Back to growing unemployment in February, the rate goes back to 12.7% – Il Sole 24 Ore

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This article was published on 31 March 2015 at 10:28.
The last change is the 31 March 2015 at 12:41.

Istat gets a cold shower on the Italian labor market. The unemployment rate in February rose to 12.7%, an increase of 0.1 percentage points on the previous month and by 0.2 year on year. The unemployed increased by 23 thousand units of the month. Stops the fall recorded in December and January. In the twelve months to February, the number of unemployed grew by 2.1% (+ 67 thousand). The number of inactive individuals calculated by ISTAT between 15 and 64 years shows a slight increase last month (+ 0.1%), remained close to those of the previous two months. The inactivity rate was stable at 36% against 36.4% in February 2014. On an annual basis the inactive decreased by 1.4% (-204 thousand). The male unemployment rate in February was 11.7%, female 14.1 percent. In February, it also increased the rate of youth unemployment: +1.3 percentage points on the month and up 0.1 points on year, to 42.6%. Young people employed fell by 3.8% on the month, that is 34 thousand units. The youth employment rate falls by 0.6 points both on month-on-year to 14.6 percent.

When braking, the number of employed decreased by 0.2% that is to say -44mila units. The employment rate thus came to 55.7% share. Compared to February 2014, however, employment grew by 0.4% (+93 thousand).

In addition to young women remain heavily penalized:
on a monthly basis the number of employed fell by 42 thousand units on a monthly basis (-0.4%). This means that the female employment rate falls, so, to 46.8% (-0.2 percentage points)

Istat explained that government data differ from those released by the Statistical , particularly those on the rise in permanent contracts relate to the activation of contracts that do not necessarily amount to new employees, but can be transitions from temporary to permanent.

Eurozone, mild declining to 11.3%
Continue to decline, albeit slowly, the unemployment rate in the Eurozone. According to Eurostat in February was 11.3%, while in January was 11.4%, and in February 2014 was 11.8%. In the EU-28, unemployment is at 9.8% (9.9% in January and 10.5% 12 months earlier).

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