Unemployment down in May: the rate down to 11.5% – The Republic

MILAN – Good news for Italy and work back down the unemployment rate, salt – albeit slowing – the number of citizens to work and comes down to those on the margins of the cycle production, the “inactive.” On a yearly basis, in May are recorded almost 300 thousand employees in more (all employees), while there are 175 thousand unemployed and inactive in less than 300 thousand.

Back then, according to Istat provisional data, to go down the unemployment rate in May: falls to 11.5%, after rising the previous month (11.6% of the revised figure of April). If April had seen an increase in people looking for work with no luck, in May the estimate of the unemployed has returned to point down: -0.8%, 24 thousand less people both among men than among women. Fermo instead the rate of youth unemployment: 36.9% (that is those who can not find work having tried), but if you roll back the incidence on the entire population between 15 and 24 years is down to 9.7% .

the second good news is that this decrease corresponds to an increase of employed and not inactive, which suggests that people have been absorbed into the manufacturing base . The employment rate is in fact slightly improved to 57.1%, up 0.1 points from the previous month. The return of the Italian work has suffered a slowdown, however: there are 21 thousand people employed in more in May, representing a growth of 0.1% per month compared to + 0.3% in the previous two months.

The improvement of data on employment is attributed by Istat to reactivate women, while for men there is a substantial stability. In spite of the incentives to hire permanently, among the employees it saw an increase of 11 thousand permanent contracts and 37 thousand futures. They suffer the self, which were down by 28 thousand units. On the other hand, already the details of INPS certifying a sharp shrinking of craftsmen patrol.

Even women allow the continuation of the drop inactive , those who have no work nor seek him: after declining in March (-0.3%) and April (-0.8%), their ranks also falls in May (-0.2% to € -27 thousand). “A decrease which deals exclusively with women while there was a stability among men. The inactivity rate drops to 35.3% (-0.1 percentage points).”

As seen on a monthly basis applies also – amplified in absolute numbers – on an annual basis: “it confirms the upward trend in the number of employees (+ 1.3% or € +299 thousand). the trend growth is entirely attributable to employees, both permanent (+ 1.7%, or +248 thousand) is completed (+ 3.5% or € +81 thousand), while independents are falling. in the same period the unemployed fall (-5.6%, or -175 thousand) and inactive (down 2.2% or € -305 thousand), “sums Istat.