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Italy's jobless rate falls to 6.8% in the second quarter

Italy's unemployment rate fell to 6.8% in the second quarter of 2024, its lowest since Q3 2008, down from 7.2% in the previous quarter. The employment rate increased slightly to 62.2%.

Published September 12,2024
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Italy's unemployment rate declined further in the second quarter of 2024, data published by the statistical office Istat showed on Thursday.

The seasonally adjusted jobless rate dropped to 6.8% in the second quarter from 7.2% in the previous quarter. The expected rate was 7.1%.


Further, this was the lowest rate since the third quarter of 2008. In the corresponding period last year, the unemployment rate was 8.1%.

Meanwhile, the inactivity rate in the 15-64 age range remained stable at 33.1%. Data also showed that the employment rate stood at 62.2% versus 62.0% in the previous quarter.