In February, unemployment slightly higher: 11.7% (+0.1). Without incentives employed decreased by 97 thousand units – Il Sole 24 Ore

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This article was published April 1, 2016 at 10:15 am.
the last change is the April 1, 2016 at 15:57.

Slight rise in the unemployment rate, which in February amounted to 11.7% , up 0.1 percentage points compared to January. This was announced by ISTAT publishing provisional data on the employed and unemployed. According to the National Statistics Institute in the month concerned the unemployed increased by about 7 thousand units, with a percentage increase of 0.3%, which summarizes a given growth among men and decreasing among women.

In a positive, albeit slightly, youth unemployment: 39.1% (-0.1%)
on the positive side, even if only slightly, only the figure for the rate of unemployment of 15-24, a slight fall in February to 39.1% share (-0.1 percentage points). Also according to Istat, the incidence of total unemployed youth of the same age group stood at 10.1 percent. That effect is a slight increase (+0.1 points) compared to January. Last month grows between aged 15-24 the employment rate (+0.2 points) and set the inactivity rate (-0.3 points).

Occupied down by 97 thousand units
Also in February returns to decrease the number of employees. After growth in January (+ 0.3% to +73 thousand), in February the estimate of the employed is in fact decreased by 0.4% (-97 thousand units). The decrease in employment involves men and women and is concentrated among 25-49enni. On an annual basis instead of the number of employed in growth of 0.4% (+96 thousand, +238 thousand permanent employees), while fall is unemployed (-4.4% or -136 thousand) is inactive (-0.7%, -99 thousand) .The employment rate, 56.4%, falls by 0.2 percentage points from the previous month.

Less stable contracts, once the thrust of the de-contribution
The Istat survey estimated in February also a strong step back (-92mila occupied) stable contracts. The cause is, in all probability, due to the cutting of tax relief for new employment provided for in the budget for 2016. According to preliminary estimates by Istat, the employment decline in February (-97mila occupied) is determined by employees (-92 thousand permanent and -22 thousand completed ones), while recording a slight recovery independents (+17 thousand). For “the permanent employees is the first decline since the beginning of 2015,” the Institute said in a note.

permanent employees to the levels of December 2015
After the strong growth recorded in January 2016 (+ 0.7% or € +98 thousand), “presumably associated with the incentive mechanism introduced by the 2015 stability law ‘, the decline last month,” reports the estimation of permanent employees to the levels of December 2015 “. For term employees continued the negative trend observed since August 2015. The companies, therefore, would accelerate the activation of new contracts at the end of December last year to enjoy more of the tax relief provided by the law of the 2015 Stability. this would explain the positive data recorded by ISTAT in January, while in February, the trend has eased decisively.

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