MILAN – Decline surprise for unemployment in Italy: the rate drops to 12.6% in January, repeating the improvement already recorded in December with 12.9% and returning to the level of twelve months before. A positive figure that does overshadow the other spread by ISTAT, which ended officially account for 2014 with a survey of the unemployment rate from 1977 to 12.7%, the worst figure since it keeps track namely since 1977. For the Minister of Labour, Giuliano Poletti, one in January is an “encouraging result after years of falling”.
The data for January 2015. To January, one can speak of a trend unexpected when you consider that even the economists of Intesa Sanpaolo, in the morning, they said to expect that the unemployment rate would be “returned to rise slightly to 13% in January after the sharp drop in December.” In any case, for economists, “beyond the volatility on a monthly basis, we believe that the unemployment rate can if only stabilize in the coming months and that they can continue signals increase in employees.”
In detail data Istat, it notes that the busy are 22 million 320 thousand, substantially unchanged from December (+11 thousand) but up 0.6% year on year (+131 thousand ). In December, the monthly change was added to 93 thousand places: in two months, therefore, are ‘appeared’ 104 thousand. The employment rate, 55.8%, increased by 0.1 percentage points in quarterly terms and 0.3 points compared to twelve months before. In contrast, the number of unemployed , 3 million 221 thousand, decreased by 0.6% from the previous month (-21 thousand) while increasing by 0.2% year on year (+7 thousand). Also positive was the fact that the number of inactive is a decrease of 0.1% monthly and 1.3% compared to twelve months.
As for young , the forces working between 15 and 24 indicate a slight economic downturn, compared with a slight increase in inactivity (+ 7 thousand per month, based on 47 thousand + annual). The employed aged 15-24 are 906 000, a decrease of 0.6% from the previous month (-5 thousand) and 1.4% yoy (-13 thousand). The youth unemployment rate drops by 0.1 points to 41.2% (the minimum 17 months) and the incidence of young jobless total of the reference population is higher than 10.7%.
Quarterly data. The Institute has also provided the data for the fourth quarter of 2014, which continued to recover dell ‘ Employment with 156 thousand more people at work on the same period 2013. This trend is in contrast to the trend of the unemployment , which was up because more people sought work: “In the fourth quarter of 2014 the number of People in search of employment, 3 million 420 thousand, continues to grow at a rapid pace (+ 6.5% to 208,000 units). The increase mainly involves women (+144,000 +64,000 units compared to men ) and is higher in the Centre and the South, “says the Institute. In the period, the unemployment rate (an increase from the third quarter of 2011) rose to 13.3%. “The increase in unemployment yoy mainly concerns Italians (+193,000 units), which is accompanied by a very small increase for foreigners (+15,000 units) and due exclusively to women.̶ 1;
The average of 2014. At this point, the Mayor was able to close the detection for the entire past year. Stands out the historical record of the unemployment , just 12.7% with peaks above 20% in the South. Unprecedented achievement for young , who have seen the growth rate of jobless of 2.6 percentage points to 42.7%. In this case, the peak relates to the young women of the South, with 58.5% unemployment.
In the midst of this endless stream of negative records, 2014 is on file for the fact that on average after two years of decline, the ‘ Employment has returned to growth, thanks to the foreign component: + 0.4% to 88,000 units compared to the previous year, but still with the South in play the part of the ugly duckling (only area in negative balance).
If overall you can see some positive signs, therefore, remains cautious: even the same Institute of Statistics have noticed, for the beautiful country predicting a return to growth (+ 0.1% ) in the first quarter of the year, as many weaknesses remain in employment for the Italian system. In the monthly note, wrote Istat, the labor market “does not show clear signs of a turnaround than observed in recent months.”
Eurozone . Also in January, Eurostat noted that unemployment in the euro zone fell to 11.2% compared to 11.3% in December. And ‘the lowest rate recorded since April 2012. In the EU 9.8%, after 9.9%. A year earlier unemployment was 11.8% in the euro area and 10.6% in the EU. In January, the unemployed in the EU were 23.815 million, of which 18.059 million in the euro area. Compared to December, the number of unemployed fell by 156 000 units in the eu and 140 000 in the euro area; compared to January 2014 unemployed fell by 1.820000000 in the EU and 896 000 in the euro area.
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