Istat: in May unemployment falling to 11.5%. Occupied: + 21 thousand, + 299 thousand on year – Il Sole 24 Ore

Back down the unemployment rate, which in May amounted to 11.5%, down 0.1 percentage points on the figure for April. According to figures released today by ISTAT after the increase recorded in April (+ 1.5%) the estimate of the unemployed in May fell by 0.8% (-24mila units). The decline affects both men (-1.0%) and women (0.6%). Looking at the monthly employment movements in the period March-May 2016, the Istat presents an increase of 0.4% of the employed (+101 thousand) compared to the previous three months, with widespread signs of growth on all major components.

Now structural cutting wedge and stronger measures for young people

stable Youth unemployment at 36.9%
Also in May, the rate unemployment detected by Istat with regard to 15-24, ie the share of unemployed youth in the total of the active ones (employed and unemployed), stood at 36.9%, unchanged from the previous month.

Istat: unemployment goes back to 11.7% in April, but grow the employed (51 thousand +)

Mild braking for employees
as for the estimation of employment, after the increase recorded by the Institute of statistics in the previous two months in May (+ 0.3% in March and April) there was a further increase, although still very slight: +0.1 %, or + 21 thousand people employed in more ‘than in April. Overall, during the month there was an overall slowdown in employment growth, with a slight increase to + 21 thousand units on a cyclical basis, more ‘consistent year on year (+ 299 thousand units, up 1.3%). The employment rate, 57.1%, increased by 0.1 percentage points on the previous month. Employment growth is attributable in particular to women and covers employees (+ 11 thousand permanent units, + 37 thousand those completed units) while independents fall (-28mila units).

Poletti: confirmed overall employment growth
For the Minister of Labour and Social Policy, Giuliano Poletti, the latest data released by Istat “are positive”, as “confirmed a trend of growth of ‘occupation”. The increase in employment, the minister continued, “follows the one already registered in the previous two months,” and then, on an annual basis, their number “has increased by 299 thousand units, most of which (248 thousand) are in permanent employment” . also fit the front of the unemployed and inactive, whose number decreases (respectively -175mila and -305mila yoy). “The May data, after those of March and April, concludes Poletti,” then confirm the improvement in the employment situation and also increased confidence for the prospects of the labor market. ”

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